Focus on Australian SMEs expanding overseas
(29 January 2013 – Australia) HSBC has appointed Paul Edgar as head of HSBC Business Banking in Australia on Friday.
Edgar will be responsible for delivering HSBC's Business Banking strategy in Australia, which involves helping internationally-oriented SMEs in Australia expand and do business offshore.
Commenting on the appointment, HSBC Australia's head of Commercial Banking, James Hogan said there was significant opportunity in helping Australian SMEs expand their business internationally.
'Recent research shows that 33 percent of SMEs already import or export, 14 percent plan to expand beyond the international markets they are currently in, and 3 percent plan to trade internationally for the first time in the next 12 months, with Asia being a key focus."
'While more SMEs recognise the opportunity of expanding their business into other markets, some of the challenges they face include establishing business relationships, cultural differences, getting access to trade finance and navigating regulatory requirements.'
Edgar has more than 18 years’ experience with HSBC covering international banking, global trade, and payments and cash management across a number of locations including Hong Kong, Dubai, London, Japan and Indonesia.
In his most recent role as Director of International Corporates for HSBC in Hong Kong, Edgar was responsible for leading four teams of relationship managers providing banking services for multinational subsidiaries, entrepreneurs and traders in Hong Kong.
Commenting on the appointment, HSBC Australia's head of Commercial Banking, James Hogan said there was significant opportunity in helping Australian SMEs expand their business internationally.
'Recent research shows that 33 percent of SMEs already import or export, 14 percent plan to expand beyond the international markets they are currently in, and 3 percent plan to trade internationally for the first time in the next 12 months, with Asia being a key focus."
'While more SMEs recognise the opportunity of expanding their business into other markets, some of the challenges they face include establishing business relationships, cultural differences, getting access to trade finance and navigating regulatory requirements.'
Edgar has more than 18 years’ experience with HSBC covering international banking, global trade, and payments and cash management across a number of locations including Hong Kong, Dubai, London, Japan and Indonesia.
In his most recent role as Director of International Corporates for HSBC in Hong Kong, Edgar was responsible for leading four teams of relationship managers providing banking services for multinational subsidiaries, entrepreneurs and traders in Hong Kong.
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