HSBC Singapore builds on position as #1 trade bank with senior appointment
With over 27 years of experience, Ms Lee brings significant expertise in managing trade and supply chain finance products across Asia. Ms Lee joins from OCBC Bank where, since 2016, she held the position of Head of Product Management, Trade Finance. Prior to this, Ms Lee was Head of Transaction Banking Product Management at Skandinaviska Enskilda Banken (SEB) from 2011, having spent 10 years within the Global Transaction Services team at DBS Bank. Ms Lee holds a Bachelor of Accountancy from Nanyang Technological University, Singapore.
Based in Singapore, Ms Lee will report at to Iain Morrison, Country Head of GTRF, and to Sanjay Tandon, APAC Head of Product and Propositions, GTRF.
Commenting on the appointment, Mr Morrison said: “Tze Tze’s knowledge of the Singapore and regional trade finance market will be invaluable at a crucial time for global trade. There is no doubt that the trade environment is facing new challenges and opportunities, that’s why we need the best talent. Singapore is a hub for corporates accessing the region, and our approach to trade finance is mirroring this. Last year we made a series of investments into our trade division and our team has executed ground-breaking deals for our clients. With Tze Tze’s many years of experience, we are well-positioned to continue providing best in class solutions for our clients.”
Ms Lee’s appointment follows a string of significant trade finance transactions by the Bank’s GTRF team in Singapore, including the world’s first live fully digitized trade finance transaction on a scalable blockchain platform and the country’s first fully digitized end-to-end trade finance transaction.
HSBC was recently named Singapore’s Best Bank and Best Trade and Treasury House at The Corporate Treasurer Awards1, and Best Trade Bank by Euromoney2 in both 2018 and 2019.
The appointment is part of HSBC Singapore’s three-year country strategic plan3 - launched in 2018 - to further build its ASEAN credentials and regional coverage from Singapore. HSBC Singapore plans to increase its headcount across the entire business by more than 10 per cent over the three year period as part of its plan to increase market share.
1http://www.treasuryawards.com/#content
2https://www.business.hsbc.com.sg/en-gb/awards
3HSBC Press Release: “New branch marks next phase of HSBC’s investment into Singapore”, March 2018