Duncan Ashford makes the shift from Hong Kong to join the team as senior vice president of regional sales, Asia-Pacific, with effect from July 2. He will take responsibility for corporate banking sales as part of HSBCÆs business strategy of achieving greater payments and cash management penetration into regional treasury centres for large corporations headquartered in Singapore. Ashford will be covering sectors such as transport and logistics, telecoms, media, diversified industrials, energy and utilities. Ashford replaces Mahesh Kini, who has become the head of product management for the global payments and cash management team in Singapore.
Marc Thomas also joins the team as a senior vice president, and his brief will include sectors such as consumer brands, retail, metals and mining, healthcare, pharmaceuticals, chemicals and technology in Singapore. ThomasÆ appointment took effect in mid-May. He is filling a vacancy that has existed in the team for some time.
ôThese appointments reflect the strategic importance of Singapore as a regional hub for HSBCÆs multinational clients,ö says Richard Jaggard, head of sales for HSBC's cash division in the region.
David Katiforis, head of global payments and cash management in Singapore, says that the appointments reflected the buoyant client demand for HSBCÆs specialist services in cash management, and the sustained investment the bank was making in the business.
Ashford has been with HSBC for more than 20 years, and has a background in a variety of retail and corporate banking roles in both the United Kingdom and the United States. He joined HSBC global payments and cash management in Hong Kong in 1997 and has since focused primarily on sales activities. He also headed up the business in China and, briefly, in Thailand. More recently, Ashford has been instrumental in training and developing HSBC's cash management sales teams throughout the region.
Thomas has been with HSBC for three-and-a-half years. He joined the HSBC global payments and cash management team in 2004 and was most recently responsible for corporate cash management sales across Australia. Prior to joining HSBC, he held various positions in corporate treasury and finance with the Ericsson group, including corporate treasurer (Melbourne), manager group funding (London) and regional treasury analyst (Singapore). He also worked with General Motors as cash manager for Australia and New Zealand.
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