HSBC has created a new global role in its global payments and cash management (GPCM) business.
Thomas Schickler has been appointed as the new global head of liquidity, responsible for the development and commercialisation of the bank’s liquidity management offering.
Schickler will report to HSBC’s head of payments and cash management global products, Ray Fattell.
Before working at HSBC, Schickler was a managing director at JP Morgan’s Asia operations where he headed the liquidity and investments product management group.
The creation of the role highlights the ongoing convergence between trade and cash management as bank customers become more aware of the necessity to create liquidity throughout their supply chain.
“HSBC hired a global head of liquidity due to the strategic importance it plays to our institution and the desired need to have a very knowledgeable individual who has the gravitas and expertise in this area,” Fattell tells GTR.
“Tom’s extensive liquidity and cash management experience applied on a global scale will ensure that our clients receive effective and consistent liquidity solutions wherever they do business,” adds John Laurens, head of GPCM.
Navin Gupta will succeed Schickler in the role of head of GPCM, India.