Treasury Management Internation Logo

HSBC appoints new Head of Payments and Cash Management in Australia

Published 

HSBC has appointed Simon Babbage to the role of Head of Payments and Cash Management for HSBC in Australia where he will be responsible for delivering global cash and liquidity management services and products to corporates and financial institutions. 

Based in Sydney, Simon Babbage will report locally to James Hogan, Head of Commercial Banking for HSBC in Australia and regionally to John Laurens, Head of Payments and Cash Management, Asia Pacific. Babbage was previously Head of Product Management for HSBC’s Payments and Cash Management business in Australia.
       
Commenting on the appointment James Hogan said: “Since joining HSBC in 2011, Babbage has been instrumental in growing HSBC Australia’s payments and cash management capabilities in Australia and helping the increasing number of Australian businesses who have both domestic and international payment needs, particularly into Asia.”

“Australia’s global trade and capital flows continue to increase, as do its links with Asia. With 80% of Australia’s total exports expected to go into Asia by 20201 and increasing capital investment flows there, Australia’s economy is becoming more tied to the Asian economies than ever before.1

“As Australian companies continue to expand and do business offshore, we’re seeing increasing demand for truly global payments and cash management capabilities that can link their domestic and international cash management needs. HSBC’s global internet banking channel, HSBCnet, helps to simplify clients’ banking arrangements by providing a range of domestic and international products and services on a single global platform.”

“And over the past two years, HSBC has expanded its payments and cash management range in Australia to include corporate credit cards, mobile HSBCnet2 capabilities and its cross border liquidity solution.”

“Continued investment in HSBC’s payment and cash management offering has seen HSBC ranked by Australian corporates and institutions the leading international payment and cash management bank in Australia2,” he said.

HSBC’s Asia Pacific Head of Payments and Cash Management, John Laurens, said HSBC will also be focused on helping CFOs better understand the opportunities arising from the loosening of China’s capital account and the internationalising of its currency – the renminbi.

“The Chinese government is continuing to internationalise its currency and has launched several pilot schemes that allow selected cash-rich companies, operating in China, to move their renminbi holdings offshore. HSBC has been at the forefront of these pilots and is well equipped to help Australian companies participate and make better use of their renminbi holdings,” he said.
 
Babbage joined HSBC in Australia in 2011 as Head of Product Management, Payments Cash Management. Prior to this Babbage has sales and product development roles across payments and cash management, equities and corporate banking divisions at major Australian banks.

Babbage assumes the role following the move of Australia’s previous Head of Payments and Cash Management, Allan Dueck, to HSBC Turkey.

Notes to Editors:
Footnotes
1 Paul Bloxham, “Australia’s increasing ties with Asia”, February 2013
2 HSBC has c7% PCM market share ranking fifth behind the major banks, East and Partners Research, February 2013

Most recent episodes

HSBC’s Sibos Spotlight: Investing in the Future – from Diversity to Green Deposits

In the final instalment of HSBC’s Sibos Spotlight, Eleanor Hill (TMI) invites Nadine Lagarmitte and Suraj Kalati (HSBC) to consider how corporates’ attitudes to...

25:12

HSBC’s Sibos Spotlight: The ESG Landscape – what every treasurer needs to know

In the third edition of HSBC’s Sibos Spotlight Podcast series, TMI’s Eleanor Hill invites Farnam Bidgoli (HSBC) to provide an in-depth overview of the current ESG...

16:24

The Path to Transformational Global Cash Visibility

Davina Bradley (CEVA Logistics) and Conor Deegan (CashAnalytics) join TMI’s Eleanor Hill to explore how treasurers can transform their cash visibility and forecasting within their business in a matter of weeks using a...

33:16

HSBC’s Sibos Spotlight: Embedding ESG in Trade and Supply Chains

In the second podcast from HSBC’s Sibos Spotlight series, TMI’s Eleanor Hill speaks to Surath Sengupta (HSBC) about embedding ESG into trade and supply chains....

20:58

Lost in Transaction: Overcoming Payments Pitfalls

From simple errors to duplicates, fraud and sanctions violations, there are a number of areas where payments can go wrong – especially in the real-time environment. In this podcast, TMI speaks to Andrew Ferrao...

34:25

HSBC's Sibos Spotlight: Central Bank Digital Currencies

The first edition of HSBC’s Sibos Spotlight series sees TMI’s Eleanor Hill joined by Mark Williamson and James Pomeroy (HSBC) to discuss the hot topic of Central Bank Digital Currencies (CBDCs). Our guests discuss...

25:48

Payments Vision 2025: The Inside Track

Wim Grosemans, Steven Lenaerts (BNP Paribas) and Wim Raymaekers (SWIFT) join TMI’s Eleanor Hill to outline their vision for the payments landscape in 2025. Our guests consider how recent developments such as instant...

28:21

Stepping Out from the Shadows

“Treasurers needs to step out of the shadows and into the sunshine in terms of their strategic contribution.” claims Zitah McMillan, Co-Founder and CEO, Predictive Black. In this podcast, hosted by TMI’s Eleanor Hill, our guest declares that the...

16:54

Why the ‘One Size Fits All’ Approach is Outdated - A Cash Segmentation Treasury Masterclass

With the ongoing low interest-rate environment and increasing regulatory change, it’s more important than ever for treasurers...

23:55

Instant Payments: Instant Rewards

TMI’s Eleanor Hill sits down in the virtual TreasuryCast studio with J.P. Morgan’s Global Head of Real-Time Payments, Cyrus Bhathawalla, to discuss how treasurers can capitalise on the evolving nature of real-time payments. Our guest contemplates the elements...

23:55