SINGAPORE - HSBC on Friday announced the appointment of Steven Cranwell as head of commercial banking, Singapore.

He takes over from Kelvin Tan, who has been appointed chief executive officer for HSBC in Thailand.

Mr Cranwell will have responsibility for HSBC's large corporates, middle market, and small and medium-sized enterprise banking segments. He will also lead the global trade and receivables finance, and payments and cash management businesses in Singapore.

He was previously responsible for the bank's large corporate clients in Singapore.

Mr Cranwell, who has 16 years of experience in Asia, also worked for a major Australian bank in institutional banking, project and asset finance, and trade finance and advisory.