UniCredit has appointed Kok-Keong (KK) Tay as head of global transaction banking (GTB) for the Asia-Pacific region. Tay will be based in Hong Kong and will report globally to Marco Bolgiani, global head of transaction banking, and regionally to
Samuel Poon, executive chairman of corporate and investment banking for Asia-Pacific.
In his new role, Tay will be responsible for leading the bank’s expansion of its commercial banking franchise in the region and extension of its transaction banking footprint and product suite including cash management, cross-border trade finance, and structured trade and export products into new markets.
Tay joins from Deutsche Bank where he was managing director and regional head of product management in GTB. He brings with him more than 25 years of experience in retail and commercial banking.
A report by broking group Marsh examines the repercussions from the administration of the South Korean company, which filed for bankruptcy protection at the end of August.
Global research by C2FO suggests that smaller businesses are less concerned with the repercussions of Brexit and the upcoming US presidential election.
A squeeze on skilled talent means it now takes an average of seven weeks to fill open permanent roles in finance in the UK according to new research from financial services recruitment firm Robert Half.
Early-stage merger and acquisition deals in Asia-Pacific show nearly 10% year-on-year growth in recent months.