23 March 2021

Appointment of SG Head of Global Liquidity and Cash Management

HSBC Singapore has today announced Ms Winnie Yap as its Head of Global Liquidity and Cash Management (GLCM), with immediate effect. In her new role, she will be responsible for delivering treasury solutions for Singapore-based companies and multinational corporations with cross-border needs.

Winnie Yap, Head of GLCM Singapore.

Ms Yap, a Singaporean, has more than 19 years’ of banking experience spanning relationship management, transaction banking sales, and client management across several business sectors.

Having joined HSBC in 2006, Ms Yap has held various roles within the Bank’s GLCM business in Singapore including Head of Sales for Commercial Banking, and, most recently, Head of Client Management. She took a break from her banking career in 2012 to establish her own hospitality business. Prior to joining HSBC, Ms Yap spent nine years with Citi Singapore.

Ms Yap will report to Regina Lee, Head of Commercial Banking, HSBC Singapore and to Jason Tan, HSBC’s Regional Head of International GLCM Countries, Asia Pacific.

Ms Lee said: “Southeast Asia has emerged as a global manufacturing, consumption, and digital economy powerhouse. In response, businesses are shifting their regional treasury centres and head offices to Singapore, increasing digital adoption to drive stronger working capital arrangements, and repositioning themselves within global supply chains.

“HSBC’s longevity and understanding of Asian markets, agility in customizing end-to-end digital solutions, and international footprint means we’re uniquely placed in helping customers capture these emerging opportunities. Winnie’s experience in delivering innovative and complex digital solutions further builds on what we can offer.”

Ms Yap’s elevation to the role is part of HSBC’s ambition to be the financial partner that helps clients maximize Singapore’s potential as a regional gateway to Southeast Asia.

In the past three years, HSBC has pushed forward with its digital and innovation strategy in GLCM, to deliver market leading digital solutions for its clients. The investment has led to HSBC launching several market leading solutions including green deposit accounts for corporate customers1, HSBC Omni Collect solutions2 and executing the first digital bond issuance alongside SGX and Temasek3. It has also resulted in HSBC being awarded ‘Best Service Provider – Liquidity Management’ by The Asset Triple A Awards4 and ‘Asia’s Best Cash Management Bank’ by Euromoney5 in 2020.

The Hongkong and Shanghai Banking Corporation Limited

The Hongkong and Shanghai Banking Corporation Limited is the founding member of the HSBC Group. HSBC serves customers worldwide from offices in 64 countries and territories in its geographical regions: Europe, Asia, North America, Latin America, and Middle East and North Africa. With assets of $2,956bn at 30 September 2020, HSBC is one of the world’s largest banking and financial services organisations.