HSBC Malaysia Appoints Mahbub Rahman as Head of Commercial Banking

HSBC Malaysia has appointed Mahbub Rahman as Head of Commercial Banking in the country, effective from August 1, 2014. Rahman's new role will put him in charge of Commercial Banking, Corporate Banking, Global Trade and Receivables Finance (GTRF) and Payments Payments One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl Read this Term and Cash Management (PCM) businesses in one of most vibrantly developing emerging markets.

According to the company announcement, Mr. Rahman has more than 16 years of corporate banking experience. Most recently he held the position of Head of Commercial Banking in Bangladesh since 2006 and was responsible for the GTRF and PCM businesses.

The persons to whom Rahman will report regionally have commented in the official announcement.

The Group General Manager and Regional Head of Commercial Banking for Asia Pacific, Noel Quinn, said, “Commercial Banking is where HSBC began, and it remains at the heart of our identity as the world’s leading trade and business bank. Malaysia is one of Asia’s most dynamic economies and Mahbub’s experience will complement our leadership position in Asia.”

The CEO of HSBC Malaysia, Mukhtar Hussain, said, “Malaysia continues to be a growth story for HSBC and we are committed to building strong and sustainable businesses that focus on the needs of our customers. Mahbub’s wealth of experience in Bangladesh will build upon the momentum we have already created.”