HSBC renames cash management division
The bank’s Global Payments and Cash Management unit is henceforth Global Liquidity and Cash Management.
HSBC has renamed its Global Payments and Cash Management division, which will in future be known as Global Liquidity and Cash Management. The bank said that the new name better describes the breadth of products and services that the division delivers to its corporate and financial institution clients in enabling them to efficiently manage cash and liquidity, mitigate risk and streamline processes.
GL&CM, which operates across five regions in over 60 countries and territories, will continue to be headed globally by group general manager, Diane S Reyes.