SINGAPORE - DBS Bank on Monday (Sept 18) named industry veteran Mark Troutman as its new group head of sales for its global transaction services (GTS) unit.

Mr Troutman was previously the global head of corporate sales for HSBC's payments and cash management product group. In this role, he led the strategy and development of corporate sales across HSBC's commercial banking, global banking and markets businesses.

He has over 25 years of experience in cash management and trade finance, managing relationships with multinational companies, SMEs, public sector companies and financial institutions, said DBS.

Prior to joining HSBC, Troutman held several senior roles in JP Morgan and Bank of America, across international markets such as US, Hong Kong, Singapore and Australia.

"Global transaction services is a strategic priority for the bank given its essential role in deepening our institutional banking group customer relationships and as a driver of revenue growth for the group," said John Laurens, DBS Bank's head of global transaction services.

The GTS business constitutes 31 per cent of the bank's institutional banking business income. For the first half of 2017, GTS income grew 14 per cent year on year.