Lloyds Bank has hired Shirish Garg as its new Asia Pacific sales director for global transaction banking (GTB), where he’ll report to head of GTB Asia Ed Aldorino.
Garg will continue to be based out of Singapore, having moved from his role as head of supply chain finance sales for the Asia Oceania region at MUFG.
Prior to this he served at Standard Chartered for nine years and did a six-year stint at Citi in India and Malaysia, serving in various trade asset management and global production management supply chain finance roles.
Speaking about his new role to GTR, Garg says: “Lloyds is looking to grow its business in the region and wants to deploy market-leading solutions for its core clients. What drew me to the role is the opportunity to create a relatively fresh piece of business in the region, leveraging the bank’s long history and strong commitment to trade finance.”
He adds: “I am excited to join Lloyds at such a critical time and look forward to leveraging my close to two decades of trade and supply chain finance experience in the region to grow this business.”
As well as selling global transaction banking products throughout the Asia Pacific region, Garg will also work to develop the bank’s supply chain finance proposition at Lloyds and will seek to optimise third-party technology platforms.
This is yet another shuffle in the Singapore office, with Ed Aldorino taking on his role of GTB Asia head in July, and Johanna Wissing moving to Singapore from London to assume Aldorino’s previous position looking after financial institutions and non-bank financial institutions trade for Asia Pacific.
Wissing is tasked with building out Lloyds’ network of institutional partners across banks, insurers and multilaterals, and creating a robust corridor for UK exporters and importers there.