HSBC has appointed Rohit Garg as head of global trade and receivables finance (GTRF) in Australia.

Based in Sydney, Garg drives the bank’s GTRF strategy in Australia, supporting and financing Australian corporate and institutional clients across integrated trade and working capital, commodity and structured trade finance, as well as development projects.

He started his new role at the beginning of July, reporting locally to James Hogan, head of commercial banking for HSBC in Australia, and regionally to Siew Meng Tan, regional head of GTRF for Asia Pacific.

Garg has been at HSBC for over 17 years, working in leadership positions across Europe, the Middle East and Asia around client coverage, origination, risk management and strategy. His most recent title was regional chief operating officer for GTRF Asia, based in Hong Kong.

Commenting on the appointment, Tan says: “Australia is a priority market for HSBC because of its international connectivity with growth markets in Asia. Indeed, at our recent global investor update, HSBC identified the Australia-China corridor as providing an important opportunity for us to support growing trade and capital flows between the two markets. Under Rohit’s leadership, I am confident our Australian trade business will successfully support clients at both ends of the corridor.”