The Royal Bank of Scotland (RBS) has announced the appointment of Anand Pande as head of product management in its global transaction services (GTS) team in Asia. In this newly created position, Pande will have overall responsibility for RBS’s cash and trade product proposition across Asia and will work to strengthen the synergies between the regional and global teams.
“We have created this new, senior role in response to greater demand for more seamless product solutions and greater risk management,” said Alan Goodyear, Asia-Pacific head of GTS at RBS, in a statement. “This shift in our clients’ needs will be reflected in our product roll out for 2011, which Anand will be responsible for.”
Pande joins RBS from Amba Research, a financial services knowledge process outsourcing company located in India, where he was group chief executive. He has more than 20 years of experience in various transaction banking roles in Asia-Pacific. Pande previously worked at Citigroup where he was head of the bank’s GTS businesses in China and Indonesia, in addition to having held regional Asia-Pacific trade roles out of Malaysia and Hong Kong. Prior to that he held various corporate banking roles at ANZ and helped to set up the bank’s securities business and build the growing cash management business in India.
According to the bank, the appointment will bring about a closer alignment of its cash and trade product management and strengthen the RBS GTS franchise in Asia-Pacific. Pande will report to Goodyear.
“We expect RBS’s Asia GTS business to grow at a rate of 15%-20% for the next few years, outpacing the rest of the world, as more international companies look to the region for business expansion and establish treasury centres in this part of the world to better manage their liquidity and risks,” said Goodyear.
RBS’s GTS franchise is supported by a team of more than 300 bankers through 10 countries across Asia-Pacific. Its regional hub is located in Singapore to service global, regional and local clients. The bank has a total of more than 3,500 Asia-Pacific customers in cash, trade and supply chain including both multinational corporations and financial institutions.