HSBC rejigs London trade and receivables team
HSBC’s global trade and receivables finance (GTRF) is reorganising its head office structure in London.
Adrian Rigby, who is currently chief commercial officer, will become chief operating officer to oversee governance, services, global standards and risk controls.
Vinay Mendonca, the current global head of business management, will replace Vivek Ramachandran as global head of product and propositions. Ramachandran will move to a new role in commercial banking. Meanwhile, Pedro Anaya will move from group strategy and planning to replace Mendonca.
Inwha Huh, who is currently head of GTRF for the US, will become global head of structured trade solutions, and will be responsible for receivables finance and supply chain finance in this newly-created role.
Surath Sengupta will take on another new leadership role as global head of trade portfolio management, to oversee risk distribution, capital management and portfolio acquisition.
Patricia Gomes will move from global banking and markets to become regional head of GTRF for the US and Canada.
Rigby, Mendonca, Anaya, Huh and Sengupta will all join the GTRF management team and report to global head Natalie Blyth. Gomes will report to both Blyth and Wyatt Crowell, head of commercial banking for the US.
Commenting on the reorganisation, Blyth says: “This evolution of our senior management structure will empower us to increase focus, intensity and accountability and achieve safe, sustainable and profitable growth.”
The bank’s GTRF team consists of 6000 trade experts globally, and its adjusted revenue totalled US$2.6bn in 2016.take me back