HSBC Singapore announced the appointment of David Koh as head of global liquidity and cash management (GLCM), effective from Oct 14.
With their plan to deepen their presence in Southeast Asia, Koh will lead the GLCM business in Singapore and work with clients.
Koh most recently led the transaction bank for Greater China and North Asia for Standard Chartered. He brings over 25 years of experience in transaction banking, having worked across seven geographies including China, Singapore, the UK, and Saudi Arabia.
Prior to StanChart, Koh headed the corporate and transaction banking teams for Deutsche Bank in Greater China.
Koh will report jointly to Alan Turner, head of commercial banking, Singapore, and to Kee Joo Wong, regional head of GLCM, Asia Pacific.
"Whilst Singapore already enjoys a strong concentration of multinationals basing their regional treasury centers here, Southeast Asia's rising consumer market means these numbers are ratcheting up even further," said Turner.
He added that with Koh's many years of international experience, he will be "instrumental" in driving cross-border payment and liquidity solutions in this ever-changing dynamic region.
The appointment is part of the country's strategic plan announced in March 2018, which seeks to support corporate clients.