HSBC today announces a number of senior management changes to its Commercial Banking business in the Asia-Pacific region.
Noel Quinn, Regional Head of Commercial Banking Asia-Pacific, said: “By 2050, the emerging world will have increased five-fold and will be larger than the developed world. We want to ensure that we have the right structure and people in place to support international businesses and connect them to opportunities as they grow. Asian companies are going global faster and earlier than Western counterparts because they have the resources, technology advancements and have growing home economies. These companies need trusted advisors to help them expand and we have the right people in the right team to support them.”
Effective immediately, Sanjay Prakash has been appointed Head of Commercial Banking, International Countries, Asia Pacific. In this role, Sanjay will be responsible for the Commercial Banking performance of Brunei, Macau, Maldives, Mauritius, New Zealand, Philippines, Sri Lanka, Taiwan, Thailand and Vietnam. Previously, Sanjay was Regional Head of Business Management for Commercial Banking in Asia Pacific, a position he held since January 2012 and prior to that he was CEO of HSBC Bangladesh. Sanjay will continue to report to Noel Quinn, Regional Head of Commercial Banking for Asia Pacific.
Terence Chiu has been appointed Head of Commercial Banking in China, succeeding Montgomery Ho, who has been appointed as Deputy CEO of HSBC China subject to regulatory approval. Terence moves to the mainland China team from Hong Kong where he has been leading the Global Trade and Receivables Finance (GTRF) businesses in Hong Kong and Macau since 2011. He has extensive experience of Commercial Banking having held a variety of senior leadership positions in Hong Kong. Terence will report to Noel Quinn and Helen Wong, CEO of HSBC China.
Replacing Terence as Head of GTRF for Hong Kong and Macau is Rachel Wei. Rachel was most recently Managing Director for Middle Market Enterprises for Commercial Banking in Hong Kong, a position she held since August 2011. Rachel has broad commercial banking experience, having held various positions in Business Banking and Corporate Banking. This includes wide exposure to the trade business, which will add significant value to the GTRF business. Rachel will report to Albert Chan, Head of Commercial Banking for Hong Kong, and James Emmett, Global Head of GTRF, and will join the GTRF Global Executive Committee.
Quang Buu Huynh has been appointed Head of Commercial Banking in Indonesia, succeeding Amanda Murphy who has been transferred to the UK to lead the Business Banking division. Quang was most recently Regional Head of GTRF (International). He has been with the Group for more than 17 years and has had exposure to a wide variety of areas such as Retail Banking and Wealth Management, Global Payments and Cash Management, Credit Risk Management and Commercial Banking. Quang will report to Noel Quinn and Alan Richards, CEO of HSBC Indonesia.
Lim Kok Guan has been appointed Head of Commercial Banking in Brunei. Prior to this, Kok Guan held the position of Chief Risk Officer. Under his leadership, the Risk team has shown strong performance year on year through his strong partnership with the Global Businesses to achieve growth. Kok Guan will report to Sanjay Prakash and Todd Wilcox, CEO of HSBC Brunei.
Krisda Phatcharoen has been appointed Head of Commercial Banking in Thailand. Krisda re-joins HSBC from ANZ Group where he has been working since 2009. Krisda has considerable investment banking and relationship management experience in both foreign and local bank in Thailand including 8 years in Global Banking with HSBC Thailand. Krisda will report to Sanjay Prakash and Tan Siew Meng, CEO of HSBC Thailand.