HSBC names cash management head for Macau

Clarissa Wong is appointed head of global payments and cash management in Macau as the bank steps up its efforts to capitalise on strong economic growth in the former Portuguese colony.
HSBC has appointed Clarissa Wong to a new position as head of global payments and cash management in Macau.

Wong has worked with the bankÆs Hong Kong product management team for the past five years, helping to develop and manage products across the bankÆs cash management offering.

In her promoted role she will be responsible for driving HSBCÆs cash management business strategy in Macau. She will lead a team of eight professionals who will target a range of companies, including multinational corporations, middle-market enterprises, small and medium enterprises, and financial institutions.

"On top of its burgeoning tourism industry, Macau is continuing to develop itself as a centre for foreign trade, logistics, back office and offshore business centres,ö says Iain Taylor, head of market development, global payments and cash management at HSBC Asia-Pacific.

ôWith such positive economic growth, there is a greater demand for corporates and multinationals seeking specialised cash management products and services. ClarissaÆs appointment further highlights our commitment to Macau.ö

Banks and corporates are keen to capitalise on rising investor interest in Macau amid hopes the recent liberalisation of its gambling industry will continue to attract visitors into the territory.
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