HSBC’s John Laurens joins DBS as Head of Global Transaction Services

Singapore’s biggest bank yesterday revealed that John Laurens, currently HSBC’s Asia-Pacific Head of Global Payments and Cash Management, join DBS on 10 November as Head of Global Transaction Services (GTS).

Laurens will be taking over the reins from Tom McCabe, who after 18 years in Asia, will be relocating back to the US to head up the DBS franchise there.

Prior to HSBC, he had also spent more than 13 years in Citibank in various roles, including as Regional Head of Global Cash & Trade Product Management, and Regional Sales Head of Global Transaction Services. Laurens is familiar with Asia, having lived in the region for the past 20 years.

McCabe, who has been instrumental in growing DBS’ GTS franchise in recent years, will be head of the bank’s US franchise, effective from 1 October. McCabe's role will help strengthen the bank's connectivity with US multinationals, for both transaction banking as well as Treasury & Markets, to Asia.