Magnus Montan has been appointed head of global trade and receivables finance for Latin America at HSBC.

He was previously head of international business at HSBC Bank (China), based in Shanghai, a position he held since June 2011.

He is set to move to Sao Paulo and to begin work in Latin America in April.

The appointment reflects HSBC’s aim to support the growing trade flows between Latin America and Asia. Montan was part of an HSBC China-led business delegation of major Chinese companies to Brazil in December 2011.