New SE Asia regional FI leadership role announced by HSBC Singapore
(30 May 2019 Singapore) HSBC Singapore has appointed a newly created role in the group's global banking and markets division for Head of Financial Institutions Group, South East Asia, announcing Mr. Kanakanjan Ray will fill the inaugural position.
His appointment is part of HSBC Singapore's three-year plan launched in 2018 to further build the group's ASEAN credentials and regional coverage from Singapore.
Mr. Ray will be responsible for driving the lender's coverage of financial institution clients across HSBC's South East Asian markets including Singapore, Indonesia, Malaysia, the Philippines, Thailand and Vietnam. The role requires coverage of client banks, brokers, stock exchanges and insurance companies. Singapore-based Mr. Ray joined HSBC in 2004 and has held senior roles across multiple markets, with a specific focus on relationship management, sales and client servicing. Prior to joining HSBC Mr. Ray held a role with ICICI Bank in India.
The bank has made several key ASEAN appointments in its wholesale banking business since 2017 and increased FTE in business banking by 30 last year to drive growth in SME lending. HSBC Singapore plans to grow its headcount across the entire business by more than ten percent over the three-year period as part of its plan to increase market share.
“This appointment further cements our wholesale ambitions to grow market share across the region. Kanak has played a crucial role in building our FIG client base in Singapore, and, with his many years of APAC experience, will be invaluable to our clients tapping the emerging opportunities in ASEAN" stated HSBC Head of Global Banking South East Asia, Stephen Williams.
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