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DBS hires new global transaction services head

03 March 2010

DBS has appointed a new group head of global transaction services.

Read more: [DBS global transcation services] [Asian cash management] [Asian trade finance] [Asian securities and fiduciary services] [McCabe]

DBS, Southeast Asia’s largest bank, has appointed Tom McCabe as group head of global transaction services.

McCabe will be responsible for expanding DBS’ capabilities in cash management, trade finance, and securities and fiduciary services across the bank's predominantly Asian franchise. 
 
In his new role, McCabe reports to Jeanette Wong, DBS’ head of institutional banking group.

McCabe will be replacing Pranam Wahi who has moved and is now head of the Middle East for DBS.

Before joining DBS, McCabe...


Poll

Credit insurers have withstood the crisis admirably settling a high number of claims during 2009. If you are actively involved in trade transactions what percentage of your deal book now enjoys some political or credit risk cover from private insurers?

75% to 100%
33%
50% to 75%
30%
25% to 50%
9%
25% or less
10%
I don’t use private credit insurers
18%

Quote

During the past year’s ‘flight to quality’, companies have turned to experienced leaders in global trade.

Matthew Frohling, Citi - ‘Supplier Finance’ growth in the SME markets - April 2010