HSBC Gets New Trade Finance Head from OCBC
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The move comes as HSBC Singapore looks to strengthen its regional coverage and increase its headcount across its entire business by more than 10 percent over a three-year period from 2018.
HSBC Singapore on Monday announced the appointment of Tze Tze Lee as the bank’s head of product and propositions, a new position created within the bank’s global trade and receivables finance (GTRF) team.
Lee began her new role on April 29 and reports to GTRF country head Iain Morrison and Sanjay Tandon, the Asia-Pacific head of product and propositions.
According to her LinkedIn profile, Lee was previously head of Trade Finance Product Management at OCBC Bank, where she worked for two and a half years. Prior to that, she spent five years at Swedish commercial group Skandinaviska Enskilda Banken, where she was responsible for its product management of Cash Management and Trade Finance business. She was also employed by DBS Bank for 11 years, including as head of supply chain financing.
HSBC Singapore recently completed a live and fully digitised trade finance transaction on a scalable blockchain platform and a fully digitised end-to-end trade finance transaction.
Questions & Answers
Q.What is HSBC Singapore's overall growth strategy mentioned in the article?
What is HSBC Singapore's overall growth strategy mentioned in the article?
HSBC Singapore plans to strengthen its regional coverage. The bank also aims to increase its total workforce by over 10 percent. This growth is projected to occur over a three-year period starting from 2018.
Q.Who does Tze Tze Lee report to in her new position at HSBC Singapore?
Who does Tze Tze Lee report to in her new position at HSBC Singapore?
Tze Tze Lee reports to two individuals in her new role. She reports to Iain Morrison, the GTRF country head, and to Sanjay Tandon, who is the Asia-Pacific head of product and propositions.
Q.What was Tze Tze Lee's previous role before joining HSBC Singapore?
What was Tze Tze Lee's previous role before joining HSBC Singapore?
Before joining HSBC Singapore, Tze Tze Lee was the head of Trade Finance Product Management at OCBC Bank. She held this position for two and a half years prior to her current appointment.
Q.Has HSBC Singapore recently used new technology for trade finance transactions?
Has HSBC Singapore recently used new technology for trade finance transactions?
Yes, HSBC Singapore recently completed two significant transactions. They executed a live and fully digitised trade finance transaction on a scalable blockchain platform, alongside a fully digitised end-to-end trade finance transaction.
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