HSBC has appointed Bart Ras as global head of business development, global trade and receivables finance (GTRF).

He will be based in London and report to James Emmett, global head of GTRF. He replaces Luiz Simione who was recently appointed global head of forfaiting and risk distribution, GTRF.

Ras will be responsible for managing clients’ cross-border trade and receivables finance solutions.

Before joining HSBC, he was head of supply chain finance for Citi’s Emea business, before which he held a series of treasury and financial roles at Philips International. He started his career as a derivatives trader at ING.

Emmett says of Ras’ appointment: “I am delighted to welcome Bart to the GTRF team. He will be instrumental in enabling our corporate and global banking clients to grow their business internationally. His experience of supply chain finance, gained in large scale, international organisations, as a financier and as a corporate client, will be a terrific asset for HSBC, and above all for our customers.”