HSBC announces the appointment of I-Mei Chan as Head of Portfolio Management and Distribution, Global Trade and Receivables Finance (GTRF) in Asia Pacific. Chan’s arrival strengthens the trade finance distribution capabilities at HSBC, the global market leader in trade finance for the third year running.

Based in Singapore and bringing more than 25 years of banking experience, Chan has led and grown trade finance distribution businesses across Asia. Chan will report jointly to Ajay Sharma, Regional Head of GTRF in Asia Pacific, and Surath Sengupta, Global Head of Portfolio Management and Distribution, GTRF.

Commenting on the announcement, Ajay Sharma says, “We have brought in a very senior banker with a great track record in the origination and distribution of trade finance. HSBC has been leading the charge to turn trade finance into an investible asset class, and I-Mei’s hire will help to extend our market leadership position.”

With distribution hubs in Hong Kong, Singapore, London, New York, and Dubai, HSBC’s trade finance distribution volumes have grown 14-fold – from USD2bn in 2015 to USD28bn in 2019. Last year, HSBC announced a partnership with Allianz Global Investors to make the investible asset class of trade finance more accessible to institutional investors such as insurers, pension funds, and family offices.