HSBC has appointed Kee Joo Wong as head of payments and cash management (PCM) for Asia Pacific.
Officially beginning the role on January 1, 2015, Wong will be responsible for developing, directing and implementing the bank’s cash management strategies throughout the region.
He will report to head of global payments and cash management at the bank, Diane Reyes, whilst answering locally to HSBC’s group general managers and heads of commercial banking and global banking and markets respectively, Noel Quinn and Gordon French.
Wong joined HSBC a decade ago following a career at Citibank in Singapore, London and Hong Kong.
Having joined HSBC as head of PCM product management, he became head of PCM Thailand in 2007 before being appointed head of PCM China in 2010.
Commenting on the appointment, Reyes says: “Kee Joo brings extensive experience at the forefront of the liberalisation of the renminbi (Rmb) in the last three years, and has a proven track record of supporting our customers’ growth as they seek to do business in China.”
According to a statement by the bank, the liberalisation of China’s “payment landscape”, including advancements in Rmb payments, drive development and growth in the area of PCM and are important aspects of HSBC’s Asia strategy.