DBS appoints new global transaction services head from HSBC
(20 November 2018 - Singapore) DBS Bank has appointed Sriram Muthukrishnan as group head of global transaction services (GTS) trade product management, with immediate effect.
The bank announced the appointment is aimed at supporting the growth momentum in its transaction banking business. Muthukrishnan was previously at HSBC and brings to the post more than 20 years of banking experience.
He will be responsible for strengthening the bank’s trade products and services with a focus on documentary trade and open account trade. He will also take charge of digital initiatives across the bank’s trade products and services for both large corporates and small businesses. At HSBC, Muthukrishnan concurrently held the roles of regional head of sales, Asia Pacific, global trade and receivables finance, as well as regional head of international countries, Asia Pacific, global trade and receivables finance. Prior to that, he held several global positions at Standard Chartered and headed portfolios related to trade products. DBS stated that its robust growth momentum in transaction banking is a strong testament to its strength in the business.
“As Asian economies continue to dominate global markets, his regional experience gleaned from the trading hubs of the world including Singapore, Hong Kong, Dubai and India places him in good stead to drive DBS’ market leadership in intra-Asia trade,” the bank said in a statement. "Looking ahead, we look forward to further growing our business in depth and breadth across Asia, to cater to the needs of our clients globally."
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