Bank of Tokyo - Mitsubishi UFJ, Ltd (BTMU), a member of Mitsubishi UFJ Financial Group Inc (MUFG) announced senior hires for its transaction banking team in Asia and Oceania region.

 

New hires include Azim Walli who is now head, trade and supply chain finance products, transaction banking office for Asia and Oceania. Walli will be responsible for setting the strategic direction and end-to-end development, commercialization and management of the bank’s trade and supply chain suite of products across 13 markets within the Asia and Oceania region. Walli joined BTMU in January 2016.  

 

Meetu Singh is head of global corporate sales, transaction banking office for Asia and Oceania. Singh joined BTMU in October 2015 and is responsible for leading the bank's trade and cash management sales teams across 13 markets within the region.

 

 

The bank also appointed Sudhamsh Cheekoty and  Paul van Sint Fiet as senior vice presidents for trade finance product and global corporate sales of transaction banking office, respectively. Cheekoty joined BTMU in December 2015 and is responsible for the development, commercialization and management of bank’s trade and supply chain suite of products, reporting to Walli, while Sint Fiet  joined BTMU in November 2015 and is responsible for the cash management sales team, reporting directly to Singh.  

 

“The bank has been aggressively building our capabilities in transaction banking globally for more than five years,” says Ken Stratton, general manager and regional head of transaction banking sales, transaction banking office for Asia & Oceania.

 

Stratton says the bank has made inroads in building the business after rolling out product solutions and delivery channels including its online transaction banking platform Comsuite. The bank aims to “leapfrog competitors” as the preferred transaction banking partner for Japanese and global corporates by 2020 as it builds its team.

 

Since the business’ launch in May 2012, trade finance revenues have increased by close to 60% annually over the past two years. Transaction banking’s gross profit has also increased by more than 10% CAGR in the past three years.

 

The bank has more than 150 transaction banking staff in Asia and Oceania covering 12 countries, of which close to 70 are based in Singapore.