HSBC has appointed Rohit Joshi as its new head of global payments and cash management for Singapore. He replaces Iain Taylor who has taken on a new role as global head of marketing for the global transaction banking business at HSBC. Joshi relocates to Singapore for his new role from Hong Kong where he has been senior manager for commercial banking for three years, leading a team to develop the bank’s strategy and franchise in the region.
In his new role, Joshi will be responsible for continuing to expand HSBC’s franchise in the country and will also drive the execution of the bank’s accelerated investment across the region.
“Singapore is an established global financial centre and remains a key focus of our regional business strategy,” said John Laurens, Asia-Pacific head of global payments and cash management at HSBC, in a statement. “Rohit’s appointment in this key market perpetuates our aggressive growth strategy and joins recent strategic appointments across the region.”
HSBC has made several senior hires since the start of the year in its payments and cash management teams in Asia-Pacific. The bank created a new regional head of business banking position to support its small and medium-size enterprise clients and appointed Shayan Hazir to fill it in February. At the end of March, the bank also created a new global head of liquidity position, appointing Thomas Schickler to the post .
In addition, in mid-April the bank appointed Jason Tan as its new regional head of client management, and then appointed Shirley Leong a month later to fill Tan’s previous position as head of global payments and cash management for Malaysia.