Global bank executive changes – ANZ, HSBC, JPMorgan
(10 April 2019 - Global) ANZ has promoted Singapore-based Nick Halkas to international head of Infrastructure, Export and Sustainable Finance.
The announcement follows food and liquor retailer Woolworths issuing A$400 million in "green" bonds to fund initiatives such as installing solar panels and LED lighting in supermarkets. Woolworths is the first retailer in Australia to issue green bonds and the first supermarket retailer in the world to issue green bonds certified by the Climate Bonds Initiative, a London-based organisation mobilising the bond market to fund climate change solutions.
ANZ CEO Shayne Elliott stated at the group’s inaugural 2018 ESG (environmental, social and governance) briefing “If you want to be in the business of profitability you must be in the business of sustainability”. Woolworths and its bankers including Citigroup, ANZ and JPMorgan will finalise pricing and the tenor of the green bonds this month. Woolworths CFO David Marr stated "The level of ESG focus now from debt investors is growing at such a rate I do think this will flip at some point - the default will become sustainability or green focused bonds. "How long it takes to get to that point remains to be seen, but certainly the interest in this has been very strong.”
HSBC has also appointed Martin Tricaud as the group’s new Middle East, North Africa and Turkey (MENAT) CEO with effect from 1 June. Mr Tricaud moves on from his current role as CEO of HSBC Australia since 2017 and will also assume the role of deputy chairman of HSBC Bank Middle East, taking over from current CEO Georges Elhedery who was recently appointed to head up the Bank’s Global Markets division. . In his new role he will "lead HSBC's next period of growth in MENAT", which includes two of the bank's ‘scale markets' which are the eight selected geographies globally that underpin up to 60 percent of group revenues.
"Martin inherits a high performing business and a strong team from Georges, who has overseen a significant period of growth for the bank in MENAT and I thank him for his contribution and leadership as regional CEO since 2016" stated Samir Assaf, CEO Global Banking and Markets and the HSBC Group Executive MENAT region.
JPMorgan has announced the appointment of Takenori Yoneda as head of corporate banking for Japan, effective June 1, 2019. Based in Tokyo, Yoneda will report regionally to the head of corporate banking for Asia Pacific, Oliver Brinkmann, and locally to Steve Rinoie, senior country officer for Japan.