Westpac expands Hong Kong presence to tap into RMB demand

- By Robert Mackenzie Smith
- 18 Feb 2014

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Westpac has appointed Steven Yu and Alex Tam as head of trade sales for north Asia and head of corporate and institutional banking for Hong Kong, respectively, as the bank looks to build on its recent RMB expansion and tap into demand for yuan-denominated securities, including derivatives, FX, bonds and commodities.

Based in Hong Kong, Yu and Tam join Westpac's head of Greater China, Andrew Whitford, who has relocated from Shanghai but will keep his existing responsibilities, and Martin Goodacre

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