The Royal Bank of Scotland (RBS) has appointed Frank Hamer as its new head of global transaction services (GTS) for China – a move which the bank says is part of its continued investment in its wholesale banking business in China.
Based in Shanghai, Hamer will report to Alan Goodyear and Lawrence Lam, RBS’s Asia-Pacific head of GTS and Greater China chairman, respectively. Hamer has replaced Francis Kong, the former China country head of GTS at RBS, who retired at the end of last year.
“China is a key market for RBS and I am delighted to announce Frank’s appointment. Frank brings a wealth of knowledge and experience in Asia to this role which will be key as we move our global transaction banking franchise forward,” said Goodyear in a statement.
Hamer’s primary responsibility is to develop RBS’s business in China, supporting Chinese companies and global clients who are doing business on the mainland.
“RBS is well positioned with our combination of global banking, markets and transaction banking to help our clients in China and beyond respond to the challenges and opportunities being created in China, for example, through the growth of offshore RMB trade settlement and other activity,” said Goodyear.
Hamer has more than 15 years of financial services experience with 10 of those in Greater China. He joins RBS from Germany’s Landesbank Baden-Württemberg where he was head of its Asian business for four years and he was previously responsible for running the global banking division for Deutsche Bank in China.
RBS’s GTS business provides cash and liquidity management, trade services and commercial cards to financial institutions and corporations in more than 40 countries globally. It appointed Anand Pande as head of product management in its Asia-Pacific GTS team in mid-November last year.
The bank provides comprehensive wholesale banking services for clients in China through a locally incorporated bank headquartered in Shanghai and a wholly owned leasing company in Beijing.