CPABC Industry Update Fall 2014 | Page 14

A Banker’s Advice on Going Global: A Q&A with the CFO of HSBC Bank Canada, Jacques Fleurant, CPA, FCMA Jacques Fleurant, CPA, FCMA, is the Chief Financial Officer of HSBC Bank Canada, a leading international financial institution in Canada. Jacques, who joined HSBC in 2000, is a member of the Executive and Risk Management committees and the chair of the Bank’s Asset and Liability Committee. What’s the first piece of advice you’d give to BC companies looking to grow abroad? Narrowing the markets to those that are most receptive to your goods or services is the first step in expanding your business internationally. Once you identify which regions provide greater opportunity, you have to examine which ones have a demand that your organization is able to meet. Secondly, don’t try to tackle international expansion all by yourself. Build a team by surrounding yourself with people who have done business internationally and can help you understand the process. This team should page 14 | I N D U S T R Y U P D AT E include an accountant who has worked with companies internationally, a banker who is globally connected to your target market, a lawyer, and insurance agents, as well as a freight forwarder if you plan to export hard goods. What are the most promising trade opportunities for BC companies now and in the future? Our research shows that more and more of the world’s economic growth is taking place in emerging markets, creating opportunities to establish new partnerships and create new sources of revenue. The latest HSBC Global Connections Trade Forecast Report tells us that the fastest-growing markets for Canadian