HSBC announces today that Kee Joo Wong has been appointed as the Head of Payments and Cash Management (PCM) for Asia Pacific, effective from 1 January 2015.
Payments and cash management are critical functions of our customers’ businesses. HSBC’s PCM offering helps businesses make and receive payments securely; manage their cash across borders efficiently and effectively; and make the best use of their cash, helping customers to do business domestically and internationally.
PCM is one of HSBC’s investment priorities for the next three years. In a recent survey, HSBC was recognised by its customers as the leading cash management bank in Asia, and in many of the domestic markets in which HSBC has a presence1.
Driving growth in PCM, and capturing opportunities created by the liberalisation of China’s payments landscape, and developments in renminbi payments, are key parts of HSBC’s strategy in Asia.
Kee Joo comes from his role as Head of PCM China. Commenting on the appointment, Diane S Reyes, Head of Global Payments and Cash Management for HSBC, said, “Kee Joo brings extensive experience at the forefront of the liberalisation of the renminbi in the last three years and has a proven track record of supporting our customers’ growth ambitions as they seek to do business in the world’s second largest economy.”
Kee Joo joined HSBC in 2004 as Head of PCM Product Management, HSBC China. In 2007, he assumed the role of the Head of PCM, Thailand, before being appointed as the Head of PCM, China, in August 2010. Prior to joining HSBC, Kee Joo has also worked in Singapore, London and Hong Kong.
In his role, Kee Joo will report functionally to Diane Reyes and locally to Noel Quinn, Group General Manager and Head of Commercial Banking, and Gordon French, Group General Manager and Head of Global Banking and Markets, for Asia Pacific.
1. In October 2014 the Euromoney Cash Management survey recognised HSBC as the leading cash management bank for corporate customers in Asia and in the following Asian markets: Australia, Bangladesh, Brunei, Hong Kong, India, Indonesia, Japan, Malaysia, Mauritius, New Zealand, Philippines, Singapore, South Korea, Sri Lanka, Thailand, and Vietnam.