The Russian Direct Investment Fund (RDIF) and Abu-Dhabi’s Department of Finance have teamed to set up a partnership for investing in Russian infrastructure projects and developing cross-border investment cooperation between the countries.
Bank of America Merrill Lynch (BofAML) has named Percy Batliwalla as the new global head of sales for large corporates and financial institutions in global transaction services (GTS).
Santander Global Banking and Markets (SGBM) has appointed Octaviano Couttolenc as its new head of global export and agency finance. It has also reorganised the team’s structure.
International law firm Reed Smith has recruited experienced trade and commodity lawyer Jonathan Solomon to its partnership. Solomon will join the firm’s global energy and natural resources group, further strengthening its trade and commodities finance practice globally.
After two years at the bank, Kah Chye Tan has departed Barclays in London where he was vice-chair of the bank’s global trade team. As a highly experienced and respected trade banker, Tan’s arrival at Barclays in 2011 was seen as a coup for the ban
International commodities trading and logistics company Trafigura, has opened a new Russia-based business - Trafigura Eurasia, which the company sees as a vital cog in its operations and one that will bring new competition to the CIS region.
Bank of America Merrill Lynch (BofAML) has made several appointments expanding its Europe, Middle East and Africa (EMEA) sales team within global transaction banking (GTS) in London.
Standard Chartered (StanChart) has set up a global treasury solutions team for its transaction banking business. The team is responsible for providing best practice treasury advice and delivering sophisticated global and regional cash management solutions tailored to clients’ needs.
Deutsche Bank has opened a new branch in Qingdao, China following the approval from the China Banking Regulatory Commission (CBRC). The Qingdao branch is the bank’s sixth branch in China, complementing others in Beijing, Shanghai, Guangzhou, Tianjin and Chongqing.
Lloyds Bank Commercial Banking has appointed Jacqueline Keogh as director of global trade to lead the bank’s global trade proposition. She takes up the position on 2 September Keogh joins Lloyds Bank from Standard Chartered where she held the position of managing director, regional head of banks, Europe in the transaction banking division, delivering strong
Insurer Equinox Global, has made two hires expanding the trade credit team in the US and in Germany. The Lloyd′s cover holder specialising in trade credit insurance, has appointed Joe McNamara as vice president – credit and political risk, at Equinox Global Inc in New York and Dagmar Böhning as underwriting manager, at Equinox Global in Hamburg, Germany.
Standard Chartered (StanChart) has set-up a renminbi (RMB Solutions) team that is responsible for delivering bespoke client solutions to help them best capture opportunities arising from the internationalisation of the RMB.
The United Nations has announced the appointment of Arancha Gonzalez of Spain as executive director of the International Trade Centre (ITC), the joint agency of the United Nations Conference on Trade and Development (UNCTAD) and World Trade Organisation (WTO) for trade and international business development.
South Africa’s Nedbank and the Bank of China (BoC) have entered into a strategic business cooperation agreement to develop business flows between the People’s Republic of China and Africa.
As part of its supply chain finance offering to corporates, Deutsche Bank has announced the launch of the financial supply chain manager on its Autobahn app market.
The International Underwriting Association (IUA) has launched a new London market political risk committee. The group is made up of underwriting and claims representatives from across the association’s member companies and will meet regularly to discuss issues affecting political risk business.
Russian steel producer and mining group Metinvest has appointed Aleksey Kutepov as its new chief financial officer (CFO). As CFO he replaces Sergiy Novikov, who will continue to work within the Metinvest Group. Novikov has been CFO since Metinvest was founded in 2006. He built the financial processes inside the group, oversaw the group’s debut Eurobond issue, and supported a number of M&A transactions
ABN AMRO has completed the purchase of the small privately owned commercial Brazilian bank Banco CR2. The purchase is significant for ABN and the market as it gives the Dutch bank an onshore operating base in the country for its commodity financing activities.
In a senior move in the upper echelons of the bank, ABN AMRO has hired Maureen DeRooij as the new country executive in Hong Kong and CEO of large corporates and merchant banking in Asia. Her appointment is effective from 1 September.
Commonwealth Bank of Australia (CBA) has appointed Neal Livingston as its global head of trade and transaction services (GTTS), within the institutional banking and markets unit.
Swiss-headquartered energy trading company Gunvor has signed a deal with the government of Gabon to create a joint venture to sell and distribute refined petroleum products in West Africa.
HSBC has appointed Luiz Simione as global head of forfaiting and risk distribution for global trade and receivables finance (GTRF). He will be based in London and takes up the post from 1 September 2013.
Fred Hochberg has been confirmed as by the US Senate to serve a second term as president of the Export-Import Bank of the United States (US Ex-Im). This move followed President Obama’s decision to appoint him in March this year, and the Senate banking Commission nominating him in early June.
BAFT-IFSA, the US-headquartered international financial services association, has appointed Stacey Facter as the association’s new senior vice president of trade services.
International law firm Morgan Lewis has expanded its banking practice in Moscow with the recruitment of a team of eight from law firm Gide Loyrette Nouell. The group is led by partners Grigory Marinichev - the former head of the banking and finance and restructuring practices at Gide - and Konstantin Kochetkov, a leading project finance lawyer. A further six associates make up the remainder of the group.
Deutsche Bank has appointed Susan Skerritt as its new regional head Americas for its global transaction banking division. She will be based in New York. Skerritt joins Deutsche Bank with more than 30 years of transaction banking experience covering cash management, global custody, corporate trust, treasury services and trade finance. Most recently she was executive vice president and global head of business strategy and market solutions, treasury services at BNY Mellon.
Bank of America Merrill Lynch (BofAML) has named Jennifer Boussuge as head of global transaction services (GTS) for EMEA (Europe, Middle East, Africa). This is an internal appointment with Boussuge having worked for the bank for the past 19 years – most recently as head of global sales, GTS.
ANZ has made a several appointments to its structured export finance (SEF) team in London and Singapore as part of a re-shuffle of resources and strengthening of teams in key locations.
Brazilian engineering, construction and production group Odebrecht has announced that Marcela Drehmer has been appointed as the new chief financial officer of Odebrecht SA.
Malta-headquartered FIMBank has announced the completion of the first stage of a multi-step process which has seen Burgan Bank and United Gulf Bank (UGB), members of the KIPCO Group, acquiring 37.05% of shareholding in the bank. At the end of this process, these two major Middle Eastern banks will have
Trafigura has appointed Stephan Jansma as its group head of structured and trade finance. For the past 15 years Jansma has focused on commodity finance activities in wholesale banking.
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