HSBC has promoted Adrian Rigby to the newly-created position of chief commercial officer (CCO) of the global trade and receivables finance (GTRF) team.
Rigby is currently global head of product, GTRF, and has been with HSBC for 26 years. His new role, starting March 1, 2015, will encompass business management, risk distribution, governance and risk control functions, and he will report to global head of GTRF Stuart Tait.
“The regulatory landscape governing trade finance has changed significantly over the last few years. The new CCO role reflects this change, placing risk, management and governance together at the centre of our structure. Adrian’s depth of trade finance experience, combined with the greater oversight this role provides, will enable us to implement the highest global standards across our business,” Tait says.
Rigby previously worked as global head of receivables finance (RF) within commercial banking (CMB), as well as chief operating officer for CMB in Asia Pacific.
HSBC has also appointed Vivek Ramachandran as global head of product and proposition management, GTRF. He will join the team from VT Advisory, a boutique advisory firm he founded, on March 1, 2015
“HSBC’s network, covering 87% of trade flows means we are able to connect customers, from the smallest trader to multinationals through global supply chains. GTRF’s products help companies manage risk and maximise opportunity. Vivek’s expertise in product development and governance, including trade and receivables, will further strengthen our offering for customers,” Tait explains.
Ramachandran was previously managing director of international products and led the global cash and trade business at Barclays. He also worked at Lloyds TSB as chief operating officer, integration and planning, and head of group strategy.
Both Rigby and Ramachandran will be based in London.