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 US money market fund reforms came into effect in 2016 and are already dramatically shaping US fund industry with investors flooding out of prime funds and into government securities. While the reforms are similar, they are not the same. GTNews interviews Yeng Bulter, global head of the cash business at State Street Global Advisors on the differences.
The top five sectors Asian fintech investors are interested in are data analytics, blockchain, lending, payments and regtech, according to Gary Hwa, EY regional managing partner.
On the third day of the Singapore Fintech Festival conference, there was a focus on specific applications of fintech innovation. One was trade finance, which is clearly is ripe for a revolution.
Kicking off day two of the Singapore Fintech Festival, Deloitte Chairman David Cruikshank said that fintech is significant for three reasons. First, customer expectations of services are higher than ever. Second, barriers to entry are lower than before. And finally, financial institutions (FIs) face a threat of what a competitor might do.