• Published on 26 August 2024
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SMBC hires senior leader to strengthen Asia Pacific transaction banking

Sumitomo Mitsui Banking Corporation (SMBC) announced the Singapore-based appointment of Atul Bhuchar as head of transaction banking product, Asia Pacific Division.

The appointment comes as SMBC is bolstering its transaction banking capabilities for clients in the region. Atul and his team will support clients to effectively manage their working capital requirements across geographies whilst strengthening the resilience of their value chains, allowing them to grow their business confidently and safely.

In his role, Atul will lead SMBC’s Asia Pacific transaction banking team for cash and trade products, managing its product development programmes and the life cycle of new products and services, including commercialisation and customisations.

Atul joins SMBC with over 27 years of experience within the banking industry. He has held senior product-focused roles at major financial institutions including DBS, HSBC, Citibank and Partior (joint venture by Temasek, DBS, JP Morgan and Standard Chartered). In his most recent role as head of product at Partior, he played a key role in the development of its global financial infrastructure leveraging next-generation blockchain technology and regulated digital currencies.

Atul reports to Shinichiro Yamazaki, head of global transaction banking department, Asia Pacific Division.

Commenting on Atul’s appointment, Shinichiro Yamazaki, said: “We are delighted to welcome Atul to our team. He brings a wealth of experience and expertise in developing transaction banking products and systems and has a keen understanding of the entire product life cycle, as well as customer needs and wants. As we work continuously to better support our customers to grow their business and navigate complex international markets every day, we are confident that Atul’s expertise will provide an edge to the GTBD team. Atul is the latest in a number of key hires we have made to bolster the depth and strength of SMBC’s transaction banking team in Asia Pacific.”

Re-disseminated by The Asian Banker