Standard Chartered has beefed up its transaction banking business with three new additions to its global leadership team.

It has appointed Mahesh Kini as global head of cash management, Mark Troutman as global head of transaction banking corporate sales, and Dhiraj Rajan Bajaj as global head of transaction banking financial institutions sales.

Kini joined the bank in early May and is based in Singapore. An experienced global leader with strong expertise in cash management and client coverage, he has been in the banking industry for close to 30 years and has worked in China, India, and Singapore.

Kini was most recently head of international banking, Asia-Pacific, commercial banking, at J.P. Morgan. Prior to that, he led global and regional transaction banking teams at HSBC, BNP Paribas and Deutsche Bank.

Troutman joined in March and is based in Singapore. Prior to his latest appointment, he was group head of sales, global transaction services, at DBS. With more than 30 years of global experience in transaction banking sales covering a broad range of client segments and industries, Troutman also held similar leadership roles earlier in HSBC, where he was last global head of corporate sales and led regional teams across Dubai, Hong Kong, London, New York and Singapore.

Based in Hong Kong, Bajaj also joined Standard Chartered in March and was most recently the global head of non-bank financial institutions (NBFIs) and the APAC head of financial institutions sales for global transaction services at Bank of America N.A.  He has a strong track record of leading treasury sales and driving commercial growth across both financial institutions and NBFIs.

As part of the transaction banking management team, all three appointments report to Michael Spiegel, global head of transaction banking.

Standard Chartered says as one of the five largest trade banks in the world, it powers businesses of the real economy with world-class cash management, trade finance and working capital solutions across some of the world’s most dynamic regions.

Payments and liquidity income was up by 7% in the first quarter of 2024, driven by higher volumes and margin growth from disciplined passthrough rate management amid the high interest rate environment, according to the bank. While trade and working capital income decreased 2% as a result of margin compression and lower volumes, Standard Chartered says it remains focused on supporting its clients’ growth ambitions by building its capabilities through innovation and partnerships.