HSBC has appointed Thomas Schickler to a newly created position of global head of liquidity in its global payments and cash management business. Schickler was previously head of the bank’s cash management business in India. Before joining HSBC, he was managing director responsible for leading the liquidity and investments product management group for Asia at J.P. Morgan.
“Tom’s appointment illustrates our commitment to more actively and efficiently helping our clients improve their working capital management on a local, regional and global level,” said John Laurens, HSBC’s Asia-Pacific head of global payments and cash management, in a statement. “Tom’s extensive liquidity and cash management experience applied on a global scale will ensure that our clients receive effective and consistent liquidity solutions where ever they do business.”
With more than 18 years of transaction banking experience, Schickler will be responsible for the development and commercialisation of HSBC’s liquidity management product suite and will continue to deliver the bank’s Global Liquidity Solutions platform in his new role. He will report to Ray Fattell, head of payments and cash management global products at HSBC.
At the same time, Navin Gupta has been appointed as head of global payments and cash management in India to replace Schickler. Gupta was previously senior manager for global strategy within HSBC’s cash business in India and was responsible for the design and execution of project extended enterprise. In his new role, Gupta will be responsible for building and managing HSBC’s cash franchise in India and will contribute to the bank’s emerging market proposition.
“These appointments evidence the scale of the aggressive growth strategy we are employing around the region. Through expansion and mobility, we have established a highly experienced team of cash management specialists who are perfectly positioned to help our clients navigate the complexities associated with international business,” said Laurens. “As Indian companies continue to expand overseas, Navin’s broad experience, garnered through a wide range of cash management positions, will be a valuable asset to clients in this booming market.”
HSBC recently strengthened its global cash team in Asia by creating a new head of business banking role in mid-February which was filled by Shayan Hazir.
Earlier this year, HSBC appointed Wei Wei Ng and Vinay Mendoncats as its new head of trade and supply chain in Malaysia and head of global traditional trade product, respectively.
