Industry veteran Tan Kah Chye has completed his move to Barclays as the new head of trade and working capital.
In the role, Tan will be responsible for developing the bank’s reach globally, including into Europe, the Middle East, Africa, Asia and the US.
The bank says in a statement: “The appointment comes at a time when Barclays Corporate is focused on trade finance as one of its key areas for revenue growth, taking advantage of growth in trade flows throughout the developing world.”
The move, which GTR revealed in March, comes as a real victory for Barclays as Tan is one of trade finance’s most prominent figures.
He has headed up Standard Chartered’s trade business for the past six years and is also the head of the International Chamber of Commerce’s banking commission.
“It is my great honour to join Barclays, an institution that has excelled in many areas of banking,” Tan says.
“I am confident that with Barclays’ geographical networks, team of trade professionals and client base that the next journey of the bank’s trade finance development will be an exciting one.”