HSBC makes senior Asia supply chain hires

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23 June 2009

HSBC has appointed two new senior management personnel to lead its trade and supply chain businesses in Singapore and Malaysia.

HSBC has appointed two new senior management personnel to lead its trade and supply chain businesses in Singapore and Malaysia.

Lawrence Yong has been appointed as director, trade and supply chain for HSBC Malaysia. In this role, Yong will be responsible for driving HSBC’s trade and supply chain business strategy in Malaysia, leading a team of specialists to deliver integrated trade and...

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Poll

Will Russia’s recent ban on grain exports result in a significant rise in private risk insurance claims from grain traders unable to fulfil their contracts?

Yes – there will be more claims. The government’s actions allow traders, with PRI cover, to make claims through contract frustration.

No - the majority of Russia’s wheat production, some 70%-80%, is used for domestic consumption so the contracts represent only a small portion of the total wheat market, limiting the amount of potential claims.

23%

No - traders had a week’s notice before the ban allowing them to secure alternative supplies to fulfil contracts stated as optional origin.

23%

Maybe - but claims are likely to be limited to traders dealing in soft wheat whose contracts demand they source wheat only from Russia.

46%