HSBC Singapore has appointed Kanakanjan Ray as head of financial institutions group (FIG), South-east Asia. This is a newly created role in the bank’s global banking and markets division. Ray will be responsible for driving the bank’s coverage of financial institution clients across all South-east Asian markets – Singapore, Indonesia, Malaysia, the Philippines, Thailand and Vietnam – encompassing banks, brokers stock exchanges and insurance companies. Ray joined HSBC in 2004 and has since held senior roles across multiple markets, with a specific focus on relationship management, sales and client servicing of FIG clients. He has been based in Singapore since 2014, where most recently he held the role of country head of FIG. Prior to joining HSBC, he had worked with ICICI Bank in Mumbai.