HSBC Singapore grows its trade team
(7 May 2019 – Singapore) HSBC Singapore has hired OCBC Bank’s head of product management as their new head of product and propositions, a newly created role within HSBC’s global trade and receivables finance team in Singapore.
Tze Tze Lee will report to Iain Morrison, country head of global trade and receivables finance, and Sanjay Tandon, the Asia-pacific head of product and propositions in the newly created role.
Mr Morrison said: “Tze Tze’s knowledge of the Singapore and regional trade finance market will be invaluable at a crucial time for global trade. There is no doubt that the trade environment is facing new challenges and opportunities, that’s why we need the best talent. Singapore is a hub for corporates accessing the region, and our approach to trade finance is mirroring this."
The move also comes as the bank looks to strengthen its regional coverage from Singapore. HSBC Singapore said last year that it intends to increase its headcount across the business by more than 10 per cent over three years, as part of plans to increase market share.