ashutosh kumar

Standard Chartered hires Ashutosh Kumar to replace Tan Kah Chye who joined Barclays in April.

Burgeoning trade flows to, from and within Asia-Pacific are putting strategically placed banks’ trade finance businesses in pole position.

Despite a lack of regional credit insurance cover and a simple failure by some local banks to understand the process, open account trade volumes are set to increase this year.

Market players are bullish that trade volumes in emerging economies will rise significantly over the next six months, according to HSBC’s latest trade confidence index.