Luiz Simione has been named global head of forfaiting and risk distribution for HSBC’s global trade and receivables finance (GTRF) team.
He will assume the role on September 1 and will be responsible for expanding the business across the world.
Simione has worked for HSBC for 15 years. He is currently GTRF global head of business development and has previously worked in corporate, commercial and transactional banking in Asia and head of trade and receivables finance in Latin America.
He will report to James Emmett, global head of GTRF, and be based in London. He is replacing John Ting, who is retiring.
Speaking of the appointment, Emmett says: “I am delighted to welcome Luiz into his new role. Our forfaiting business has been very successful, a position Luiz and I want to build on by helping our customers to deliver business growth.”
He also pays tribute to the departing Ting, saying: “In 1984 John was tasked with developing HSBC’s Asian forfaiting business. Since then, his leadership has created highly successful forfaiting businesses globally. I’d like to take this opportunity to thank John for his work, which has been instrumental in strengthening HSBC’s position as the leading international trade bank.”