The four new hires are:
Mr Azim S Walli – Head, Trade and Supply Chain Finance Products, Transaction Banking Office for Asia & Oceania. Mr Walli will be responsible for setting the strategic direction and end-to-end development, commercialisation and management of the Bank's Trade and Supply Chain suite of products across 13 markets within the Asia and Oceania region. Mr Walli joined BTMU in January 2016. Ms Meetu Singh – Head, Global Corporate Sales, Transaction Banking Office for Asia & Oceania. She joined BTMU in October 2015 and is responsible for leading the Bank's trade and cash management sales teams across 13 markets within the Asia and Oceania region. Mr Sudhamsh Cheekoty – Senior Vice President, Trade Finance Product, Transaction Banking Office for Asia and Oceania. He joined BTMU in December 2015 and is responsible for the development, commercialisation and management of BTMU's Trade and Supply Chain suite of products, reporting to Mr Walli. Mr Paul van Sint Fiet - Senior Vice President, Global Corporate Sales, Transaction Banking Office for Asia & Oceania. He joined BTMU in November 2015 and is responsible for the cash management sales team, reporting directly to Ms Singh. On these appointments, Mr Ken Stratton, General Manager and Regional Head of Transaction Banking Sales, Transaction Banking Office for Asia & Oceania, said, "The Bank has been aggressively building our capabilities in transaction banking globally for more than five years."
"We have made great inroads in building our business, especially over the last two years, in which we rolled out many new product solutions and delivery channels including Comsuite, a proprietary online global transaction banking platform offering a suite of cash management and trade finance solutions," added Mr Stratton.
He continued, "We are gaining market share and I believe with the expertise of Azim, Meetu, Sudhamsh and Paul, who have a combined of close to 75 years of experience in transaction banking across the globe, we will be in a position to leapfrog our competitors to become the preferred transaction banking partner for both Japanese and global corporates by 2020."
BTMU's Asia & Oceania Transaction Banking business was first set up in May 2012. It has gone from strength to strength. As an example, the bank's trade finance revenues have increased by close to 60% annually over the past two years. Transaction Banking's gross profit has also increased by more than 10% CAGR in the past three years.
The Bank has more than 150 transaction banking staff in Asia & Oceania covering 12 countries, of which close to 70 are based in Singapore. The numbers are inclusive of the recent new hires.
--www.theasianbanker.com (Jan 25, 2016 )--