The Bank of Tokyo-Mitsubishi UFJ (BTMU) has made two senior appointments, both of which will have responsibility for selling trade finance solutions.

Peter Heidinger has been named co-head of corporate banking for Asia and Oceania, starting on June 1, a role he will share with Naoki Isetani.

Frederic Cabay has been named head of financial institutions, Asia and Oceania and starts his role immediately.

Both men will be based in Singapore and the move is described as part of BTMU’s “overall strategic intent to leverage on senior and international banking talent to further spur the growth of its global corporate banking business”.

While both starts will have broader overall responsibilities, a BTMU spokesperson confirmed to GTR that they are “expected to help cross-sell all product solutions across the bank’s various divisions and this of course include trade finance solutions”.

Heidinger joins from Standard Chartered, where he was most recently global head of financial institutions and public sector. Cabay joins from JP Morgan, where he was head of financial institutions sales for Asean and Pakistan.

Go Watanabe, CEO for Asia and Oceania, BTMU says: “Over the past year, we have focused our efforts on building and streamlining our corporate banking structure in the Asia and Oceania region. We are now in a good position to garner a larger market share of the global and Asian corporates.”