09 February 2018
Reporter: Jenna Lomax

HSBC Ireland hires new head of global trade

HSBC has appointed Balint Elek as head of global trade and receivables finance (GTRF) for Ireland.

Elek will be responsible for managing and coordinating HSBC Ireland’s GTRF activity, providing domestic and cross-border trade products and services to clients.

Prior to HSBC, Elek was at the Royal Bank of Scotland (RBS) in London, where he was head of supply-chain finance product.

In this role, Elek was responsible for creation and execution of product strategy.

Before joining RBS, Elek was trade services product manager of Europe, Middle East and Africa at Citibank’s Budapest and Dublin offices.

Commenting on Elek’s appointment, Alan Duffy, CEO and head of banking at HSBC Ireland, said: “With over a decade of experience in international trade services and trade finance, Balint Elek is a significant addition to our team.”

He added: “As the world’s leading trade bank and Ireland’s leading international bank, we are in a position to offer the very best advice when it comes to exploring opportunities within the marketplace, all the while ensuring the solution is tailored to meet the individual needs of our clients.”

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