UniCredit beefs up transaction banking business with new Asia head

Kok-Keong Tay joins UniCredit from Deutsche Bank in a newly created position as head of global transaction banking Asia-Pacific.

UniCredit has announced the appointment of Kok-Keong Tay as its new head of global transaction banking Asia-Pacific, effective from July 12. Tay will be based in Hong Kong and report globally to Marco Bolgiani, global head of transaction banking and member of UniCredit’s management committee, and regionally to Samuel Poon, executive chairman of corporate and investment banking for Asia-Pacific.

In his new role, which is also a newly created position for the Italian bank, Tay will be responsible for leading the expansion of its commercial banking franchise in the region and extending its transaction banking footprint and product suite -- including cash management, cross-border trade finance, and structured...

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