HSBC has added to its string people moves in Asia that sees two of the bank’s most experienced cash management bankers take roles in China and Thailand.
Kee Joo Wong has been moved to head of global payments and cash management, China, following his three-year tenure working in the same role but serving the Thai market.
Wong has been placed in a number of senior positions in Singapore, London and Hong Kong in his 15-year career, as well as having previously acted as head of product management in China.
Wong tells GTR where his focus will be in the role: “Forecasts predict that nearly half of China’s imports and exports will be settled in Rmb in the next three to five years. For this reason, Chinese businesses need a financial partner that can provide extensive account and liquidity management structures. As the Chinese economy keeps gaining strength, my main focus is to continue providing our Chinese clients with integrated cash management solutions that will enable them to expand their operations both locally and globally.”
John Laurens, head of global payments and cash management, Asia Pacific, says: “I’m delighted to see Kee Joo return to China. He is an experienced transaction banker who will serve our clients well and I’m confident that he’ll take our cash management franchise to new levels as he leads the execution of our accelerated growth investment in China.”
Moving into Wong’s previous post is Nigel Raymont, who takes on the role of head of global payments and cash management, Thailand.
Before his move to Thailand, Raymont worked in Hong Kong as senior vice-president, global strategy, global payments and cash management.
Raymont has 12 years’ experience with HSBC’s transaction banking teams across Europe and Asia Pacific.
Asia Pacific head Laurens adds: “Nigel is a veteran of our global payments and cash management business. His appointment to head our business in Thailand therefore evidences our commitment to this important market and continued growth aspirations.”