People Digest: HSBC appoints Thai cash management head; Lazada names Vietnam CEO

Jonathan Teh, HSBC's Country Head of Global Liquidity and Cash Management (GLCM) business in Thailand

HSBC has appointed its head of global liquidity and cash management for Thailand while Lazada Group has named its  CEO for Vietnam operations.

HSBC appoints cash management head for Thailand

HSBC has named Jonathan Teh as Country Head of Global Liquidity and Cash Management (GLCM) business in Thailand, according to an announcement.

Teh will be responsible for driving the cash management strategy in Thailand and accelerating HSBC’s growth plans in ASEAN.

Teh brings with him over a decade of banking experience in cash management and global markets across sales and product management.

Prior to this new role, he was the Singapore-based regional sales lead for TMT clients in the Asia Pacific.

Recently, HSBC appointed Alexander Malloch as head of international subsidiary banking  (ISB) in Thailand. Malloch will help HSBC provide greater banking coverage to international large corporates and mid-market enterprises looking to expand in the country.

Lazada Group appoints Vietnam CEO

E-commerce platform Lazada Group has named James Dong as its CEO to lead the Vietnamese operations. Dong will continue to hold his current role as CEO of Thailand, according to an announcement.

James Dong succeeds Max Zhang in the role of Vietnam CEO. Zhang will remain a part of the Alibaba Group

This appointment will enable more cross-country collaboration and synergies, and help further accelerate the group’s strategy in Vietnam.

Vietnam remains an important growth market for Lazada, and the leading Southeast Asia eCommerce company will grow its investment locally to further technology and logistics infrastructure developments, as well as elevate the consumer shopping experience.

“James Dong has displayed an impressive track record of growth at Lazada Thailand. His experience, dedication and talent make him more than up to this task, and we are confident that he will make significant contributions and replicate this kind of success in Vietnam,” said Pierre Poignant, Chief Executive Officer, Lazada Group.