HSBC has appointed James Emmett as head of global trade and receivables finance (GTRF). Reporting to Alan Keir, group managing director and global head, commercial banking, he will be responsible for delivering GTRF’s strategy and business performance across 65 countries and territories.
Emmett takes over from Rakesh Bhatia, who will move to another role in HSBC. He began his career with HSBC 17 years ago and has held a variety of roles in trade finance, commercial banking, retail banking and strategy, in Asia-Pacific, Europe, Middle East and North America. Most recently he was head of strategy and planning for commercial banking. During this time, he was instrumental in preparing the medium-term strategic blueprint for HSBC’s commercial banking business, including GTRF.
The proposals of both US presidential candidates could shake up operating conditions in several sectors, reports the credit ratings agency.
The Danish shipping and oil conglomerate confirmed that it will separate its businesses into stand-alone transport and energy divisions.
The central bank has tweaked its stimulus programme and is making a fresh effort to push Japan’s inflation rate above its 2% target.
Despite faster payment technologies, business-to-business payments by paper cheque show no sign of decline from three years ago.