By Kim Jae-won
The U.K.-based banking giant, HSBC announced Thursday the appointment of Sunil Veetil as head of global payments and cash management in Korea. Veetil will be responsible for driving the global cash management business strategy in the nation.
Veetil relocated from Indonesia, where he served as chief of global payments and cash management for three and a half years.
During his career with HSBC, he has also acted as regional manager, product development and deputy head of transaction banking in the Middle East where he was responsible for managing eight countries in the region based out of Dubai.
During his tenure in the Middle East and Indonesia, the international banking group was consistently recognized as the leading cash management provider in both markets, evidenced by the number of cash management accolades received during that period. Most recently, HSBC was voted “Best Cash Management Bank in Indonesia” in Euromoney’s annual cash management poll in 2008 and 2009.
HSBC Korea welcomed the appointment expecting his presence to be an asset.
“I am confident that his established track record for driving business growth in emerging markets, coupled with his strategic thinking and leadership skills will enable him to provide our Korean clients with the advice they need take their business to new heights,” Matthew Deakin, president and CEO of HSBC Korea, said in a press release.
Veetil is a chartered accountant, management accountant and certified treasury professional. He holds a degree in Mathematics.