HSBC has appointed Rohit Garg as head of global trade and receivables finance (GTRF) in Australia.
In this role, Garg will be responsible for driving HSBC’s GTRF strategy in Australia, supporting and financing the needs of Australian corporate and institutional clients across integrated trade and working capital, commodity and structured trade finance as well as development projects.
Garg will be based in Sydney and will report locally to James Hogan, head of commercial banking for HSBC in Australia and regionally to Siew Meng Tan, Regional head of global trade and receivables finance for Asia Pacific.
In this role, Garg will be responsible for driving HSBC’s GTRF strategy in Australia, supporting and financing the needs of Australian corporate and institutional clients across integrated trade and working capital, commodity and structured trade finance as well as development projects.
Garg will be based in Sydney and will report locally to James Hogan, head of commercial banking for HSBC in Australia and regionally to Siew Meng Tan, Regional head of global trade and receivables finance for Asia Pacific.
Hogan says: “Trade is the driving force of Australia’s economy and we believe opportunities to help Australian businesses capitalize on global trade flows continue to increase.”
“In the past year, Australia has bolstered its position as an international trade enabler, having signed three milestone trade pacts with top global trading nations – China, Japan and Korea. Australian businesses’ future trade prospects are bright as negotiations are currently taking place for a number of global and regional multilateral trade agreements,” he adds.
Commenting on the appointment, Tan says: “Trade is part of HSBC’s heritage and as the leading trade bank our network covers 90% of global trade flows. Australia is a priority market for HSBC because its international connectivity with growth markets in Asia. Indeed, at our recent global investor update, HSBC identified the Australia-China corridor as providing an important opportunity for us to support growing trade and capital flows between the two markets.”
“Under Rohit's leadership, I am confident our Australian trade business will successfully support clients at both ends of the corridor,” she says.
Garg has more than 17 years of banking experience with HSBC including leadership positions across Europe, the Middle East and Asia, spanning client coverage, origination, risk management and strategy. In his most recent role, Garg was Regional COO, Asia, for Global Trade and Receivables Finance, based in Hong Kong.
