HSBC Singapore on Friday announced a new Head of Global Liquidity and Cash Management who will lead the business in Singapore working with customer groups to maximize its potential as a regional treasury hub as they deepen their presence in Southeast Asia.
David Koh, HSBC's new head of global liquidy and cash management (GLCM), joins from Standard Chartered, where he most recently led the transaction bank for Greater China and North Asia. He brings over 25 years of experience in transaction banking, having worked across seven geographies including China, Singapore, the UK, and Saudi Arabia, the lender said in a statement.
«Whilst Singapore already enjoys a strong concentration of multinationals basing their regional treasury centers here, Southeast Asia’s rising consumer market means these numbers are ratcheting up even further. When you couple this with the region’s growing digital economy and mobile-first mentality, it becomes clear that businesses require truly innovative solutions to grasp these opportunities,» said Head of Commercial Banking HSBC Singapore Alan Turner.
Instrumental In Driving Liquidity Solutions
«With David’s many years of international experience, he will be instrumental in driving cross-border payment and liquidity solutions in this ever-changing dynamic region,» Turner added.
Prior to Standard Chartered, Koh headed the Corporate and Transaction Banking teams for Deutsche Bank in Greater China. Koh began his career at HSBC on the bank’s executive trainee development program.
