Sumitomo Mitsui Banking Corporation (SMBC) has named Atul Bhuchar as the new Head of Transaction Banking Product for its Asia Pacific division.
Based in Singapore, Bhuchar will be reporting to Shinichiro Yamazaki, who leads the Global Transaction Banking Department for the Asia Pacific region.
With over 27 years in the banking industry, Bhuchar has held notable positions at DBS, HSBC, and Citibank.
Before his tenure at Partior, where he was Head of Product, he served as Executive Director & Group Payments Head, GTS at DBS.
Partior, a blockchain venture backed by Temasek, DBS, J.P. Morgan, and Standard Chartered, focuses on financial innovation.
In his new role at SMBC, Bhuchar will prioritise strengthening transaction banking services, especially in cash management and trade finance, to aid clients in managing working capital and fortifying supply chains across various regions.
His deep expertise in product development and customer-focused solutions is anticipated to play a crucial role in driving SMBC’s initiatives in the Asia Pacific.
Yamazaki acknowledged Bhuchar’s extensive experience, noting it would be an asset as the bank tackles the challenges of the international market.
Featured image credit: Edited from Freepik
