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Banking veteran Mukhtar Hussain to become HSBC (Singapore) chairman and director

HSBC BANK (Singapore) has appointed Mukhtar Hussain as its chairman and director effective Oct 17, as the locally incorporated arm of The Hongkong and Shanghai Banking Corporation seeks to capture Asean business and deepen Singapore's role as a partner in the Belt and Road Initiative. Mr Hussain, a HSBC veteran who joined in 1982, has been the head of Belt and Road Initiative (BRI) for HSBC Asia-Pacific since April 2018. Prior to that, he was...


Connecting clients to Asean and BRI, the StanChart way

AS global banks ride Asean's heady growth and China's Belt & Road Initiative (BRI) projects, Standard Chartered's regional head Judy Hsu has her work cut out for her. What will help Ms Hsu - who took on the post of StanChart's regional chief executive, Asean and South Asia (ASA) on June 1, 2018 - was her former role as the bank's Singapore CEO. Singapore is the second biggest contributor to the UK-based Asia-focused bank and...


Who will be winner in e-payments: banks, independents or telcos?

OVER the next 18 months one of the more noticeable ways in which technology will impact daily life in Southeast Asia will be the means by which we pay for things. We will make fewer payments with cash and cheques and spend less time visiting bank branches and ATMs. Instead, we will be swiping plastic cards, scanning QR codes and transferring money to friends and merchants with a couple of taps on our mobile phones....


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