Michael McDonough has joined HSBC as senior vice-president and head of product in North America for global trade and receivables finance.
McDonough previously served as the global head of trade product at BNY Mellon in New York.
In his new position, which he took up in June, McDonough continues to be based in New York. He reports to the bank’s head of trade in North America and the head of global product management for global trade and receivables finance.
He is responsible for bringing HSBC's global suite of trade and receivables finance products to the bank's North American client base.