(9 May 2022 – Global) HSBC has appointed Vivek Ramachandran as Head of Global Trade and Receivables Finance (GTRF).
He succeeds Ajay Sharma and Vinay Mendonca, who assumed joint interim leadership of GTRF in June 2021 in addition to their respective roles in GTRF as Regional Head of Asia Pacific, and Global Head of Product, Propositions and Structuring.
The appointment is a return to HSBC for Vivek, who first joined HSBC in 2015 as Global Head of Product and Propositions for GTRF, and subsequently became Global Head of Growth & Innovation for HSBC Commercial Banking. He also previously ran the Global Transaction Banking business at Barclays, and held senior management positions at Lloyds. Since 2019 Vivek has been CEO of Serai, the HSBC-founded venture based in Hong Kong, which operates as a separate entity delivering a B2B supply chain platform.
Currently based in Hong Kong, Ramachandran will relocate to London next year. In his new role, he reports jointly to Barry O’Byrne, CEO of global commercial banking, and Greg Guyett, co-CEO of global banking and markets.
“We’re really excited to have Vivek rejoin HSBC to advance our sustainable trade finance agenda, expand our product propositions, and further cement our position as the world’s leading trade bank,” said O’Byrne.