HSBC's Singapore trade head moves on

Jonathan Speight has stepped down from his position as HSBC's trade and supply chain head in Singapore to assume another more consultative role at the bank. He was replaced by Khuresh Faizullabhoy on June 8.

Details of Speight's new assignment are scant, but he will stay with the bank, likely in Singapore and within its trade and supply chain business. However, under the international programme that he is part of, HSBC can move him anywhere and to any position. The programme rotates executives to new positions within the bank every two to three years.

"My time is up," Speight said on his role as trade and supply chain head. He assumed the position in April 2007.

According to a bank spokesperson, Speight's new position will be "announced shortly".

During his two years as trade head, Speight was part of a regional expansion of HSBC's trade business. The expansion included the opening of Asia's first trade academy for corporates and a commercial banking centre for small- and medium-size enterprises, both in Singapore.

Faizullabhoy was previously head of commercial banking in Indonesia where he managed middle market, large domestic and international corporate client relationships. In his new position, Faizullabhoy will also oversee structured trade finance for Southeast Asia. 

Faizullabhoy is not part of the same international programme as Speight.