HSBC has made three new appointments within its global payments and cash management (PCM) operations in Asia Pacific. The appointments include David Katiforis as head of PCM in Singapore, Wendy Booth as head of PCM in Australia and Rebecca Adriatico as head of product management, also for PCM in Australia.


Katiforis spent two successful years as head of PCM in Australia. Before moving into the PCM business, Katiforis was a global relationship manager at HSBC Bank Australia’s corporate institutional banking unit. He has also worked as a commercial banking relationship manager at HSBC for over six years.


With a banking career of more than 16 years, he has held a variety of roles at banks such as St George Bank, Standard Chartered Bank and National Australia Bank.


Lawrence Webb, head of payments and cash management, Asia Pacific, HSBC, comments: “Our Australian payments and cash management business has achieved considerable success in recent years due in no small part to David’s leadership. This new role for David represents an exciting and challenging opportunity for him. The PCM market in Singapore is significantly larger than Australia”s, due mainly to the numerous regional treasury centres and shared service centres located there. David will therefore be more closely involved in regional PCM deals.”


Booth has replaced Katiforis as head of PCM for HSBC Bank Australia, after nearly two years as head of sales for PCM there.


A long-time transactional banker, Booth was part of HSBC’s PCM business in Australia from 1997 to 2001. She then worked in transactional banking at JPMorgan and National Australia Bank, before returning to HSBC in 2005.


Booth has held a variety of roles, from retail banking to trade finance and relationship management with other organisations such as ANZ and BNP Paribas. Her career in banking spans 15 years.


Adriatico has had a wide-ranging career with a number of global banks including JPMorgan Chase, Bank of America and Citibank. In her time with these organisations, she has worked as Asia head of product management and e-commerce at JPMorgan and as part of the relationship management team at Citibank. Most recently, she was responsible for the payables financing project in the global trade finance team at National Australia Bank.