MARKETS | Staff Reporter, Singapore

Westpac appoints Frances Cheung as head of macro strategy for Asia

Westpac Banking Corporation (Westpac) appointed Frances Cheung as Head of Macro Strategy, Asia, to further expand its Financial Markets capability and build deep relationships with Westpac’s clients in the region and globally.

Frances joins Westpac from Société Générale where she was Head of Rates Strategy, Asia ex-Japan. She has 17 years of experience as an economist and rates strategist covering Asian economies and markets. She was previously Head of Asian Rates Strategy with Credit Agricole, and also spent five years with Standard Chartered Bank.

Based in Singapore, Frances will be responsible for leading Westpac’s Asian rates, FX and macro financial markets strategy across the region, working with a core team of analysts to produce market-leading insights and analyses of Asia’s capital flows. She will report to Sneha Sanghvi, Head of Financial Markets, Asia in Singapore and David Goodman, Head of Macro Strategy in Sydney.

Commenting on the appointment, Balaji Swaminathan, General Manager, Westpac International said; “I am delighted to welcome Frances to our team, whose appointment demonstrates our continued ability to attract top-tier talent in the market. Frances has proven local market expertise in rates and broader Asian macro themes and this will add to our client value proposition locally and globally.”

“Her addition to our Financial Markets Team reinforces our continued commitment to provide our clients with the richest insights, to help their businesses thrive in this dynamic market environment and capitalise on the growth opportunities in the region,” he said.

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