International Finance Corporation (IFC) and Ecobank Transnational Incorporated (ETI), the parent company of the Ecobank Group have launched a $110 million risk-sharing facility that will increase access to finance for small and medium sized enterprises in fragile and conflict-affected states in West and Central Africa.
Commodity trading company Trafigura Beheer BV has announced that Jeremy Weir, chief executive officer, is assuming responsibility for the metals and minerals trading division of the company.
Matthew Kirkby has been appointed as regional head of large corporates for HSBC's commercial banking (CMB) business in Asia-Pacific, with effect from 6 July 2015.
Bank of America Merrill Lynch (BAML) has appointed Percy Batliwalla as its new head of global trade and supply chain finance.
UniCredit has appointed Dominique Honoré as its new head of trade finance international sales for France.
Société Générale (SG) has strengthened its presence in the Middle East by establishing a structured finance platform at its hub in Dubai.
Next week is the start of a hectic period for TXF. We launch the inaugural “TXF Chronicle”, our latest industry special report. We’ll also be joined by 200 of the commodity finance world’s great and good in Amsterdam for our annual conference and industry dinner. I’m really looking forward to catching up with some good friends, and getting a proper sense of market activity. Click here to see who else will be there.
FIMBank has appointed Ronald Haverkorn as its new chief risk officer. The appointment comes following the bank’s financial results for 2014 report earlier this year in which it posted a pre-tax loss of $53.43 million.
Working capital solutions provider Demica has appointed Tim Davies to the newly created role of head of origination, Europe. He will report directly to Demica’s chief executive officer (CEO) Matt Wreford.
HSBC has appointed Tan Siew Meng the newly created role of regional head global trade and receivables finance (GTRF) Asia-Pacific, with effect from 1 July 2015. This is a new role that brings together management responsibility for GTRF Asia-Pacific, including Hong Kong and Macau.
Spanish bank BBVA has appointed Francisco Javier Fernández de Trocóniz as its new head of global trade finance & international financial institutions, replacing the outgoing Nick Shaw.
Trade credit insurer Euler Hermes has appointed three regional chief executive officers (CEO) to its German, Austrian, Swiss (DACH), World Agency and French offices, and a new head of risk activities in the Mediterranean, Middle East and Africa (MMEA) region.
UniCredit announced today that it has combined its global capital markets and loan syndication businesses to create a new global syndicate and capital markets platform to better serve client needs. The business will be headed by Marco Bales, previously head of global capital markets.
International law firm Holman Fenwick Willan (HFW) has expanded its energy practice with the recruitment of Jayson Marks. He joins the firm’s oil and gas group as a corporate partner.
Swiss-based commodities investment manager Scipion Group has appointed Taran Bains as its new head of sales and marketing.
Citi Treasury and Trade Solutions has appointed Parvaiz Dalal as head of supply chain finance for Europe, Middle East and Africa (EMEA).
TXF was globetrotting across multiple continents last week, with the team spread to Singapore and the ICC Banking Commission meeting, as well as Washington DC for the Export-Import Bank of the United States’s (US Ex-Im’s) annual conference. You can read a write up on the event here, and an update on the reauthorisation saga here.
Gert Van Melkebeke will be joining Commerzbank’s structured export and trade finance BeNeLux (Belgium, Netherlands and Luxembourg) France division as a senior export finance manager, TXF has learned. His new role will be effective as of 1 June.
Peter Field, the executive director of origination and portfolio management at Australian export credit agency (ECA) Export Finance and Insurance Corporation (EFIC), will be leaving his position after 10 years at the institution.
International law firm Herbert Smith Freehills has hired Simon Caridia to join its projects and infrastructure practice in London as a partner with effect from 1 May 2015.
The sole shareholder of the Export Insurance Agency of Russia (EXIAR) – state corporation Bank for Development and Foreign Economic Affairs (Vnesheconombank) – has today approved the new board of directors of the agency.
In what was the week’s largest financing, Brazilian state-run oil company Petrobras turned to Brazilian state-owned banks to secure much of its funding for 2015. With the capital markets closed off for the time being, the oil company announced that it had struck loan agreements totalling approximately $6.1 billion with three local banks and an international bank – in separate agreements – to meet its immediate funding requirements.
The International Chamber of Commerce, the world’s largest business organisation, has today named Deutsche Bank’s Daniel Schmand as the new chair of its Banking Commission.
International law firm HFW has further strengthened its Paris office corporate finance team with the arrival of partner Jean-Marc Zampa and his associate Serge Rastorgoueff.
Fabrice Morel, the deputy secretary general of the Berne Union, has announced he will be leaving the association on Friday 17 April.
Global trade credit insurance company, Euler Hermes has announced that it is launching services for the South African market, strengthening its presence on the African continent as well as growth markets overall.
The council of the British Exporters Association (BExA) has appointed Guto Davies to the position of deputy chairman of the association with immediate effect. He is also leading GE’s Global Export Credit Agency Centre of Excellence.
The Bank of Tokyo-Mitsubishi UFJ (BTMU) has appointed Michael Hogan as managing director and regional head of transaction banking sales, EMEA. This is a newly created role where Hogan will lead the coverage of the transaction banking business, specifically in sales across the region.
Berry Palmer & Lyle (BPL Global), the specialist credit and political risk insurance (CPRI) broker, today announced that, following approval by the Monetary Authority of Singapore, Peter Gilbert is to become chief executive officer of the company’s Singapore subsidiary.
International law firm Holman Fenwick Willan (HFW) has boosted its commodities practice with the recruitment of Marc Weisberger, who has joins the firm world as a partner. He is based in London.
In one of the most hotly-anticipated deals of any given year, last week Hong Kong-headquartered commodity trading company Noble Group launched the syndication and arrangement of a $2.25 billion committed unsecured revolving credit facility (RCF). The company will apply all amounts borrowed under the facility for the refinancing of certain existing debts and for general corporate purposes.
Trade credit insurance company Euler Hermes has appointed a new UK chief executive officer and two new senior members to its market management commercial and distribution (MMCD) executive team. All the appointments will take effect 1 July 2015.
Masahiro Goda has been appointed to the newly created role of executive director of global trade finance at Mizuho Bank (Mizuho), as part of a series of moves within its senior global trade finance team.
HSBC has made a strategic appointment to its payments and cash management business in Asia.
Industrial and Commercial Bank of China (ICBC) London branch has promoted Benny Zachariah to head of syndication & sales. He is based in London.
Law firm Allen & Overy has expanded its sub-Saharan project finance practice with the hiring of Jason van der Poel within its Johannesburg office. He comes in as a partner in A&O’s international projects, energy and infrastructure group.
Following on from the success of the 2014 debut of the Export Finance Global Survey, TXF and The International Chamber of Commerce (ICC) have teamed up once more to produce the latest edition of the study. The results will be incorporated into the ICC’s wider Global Survey on Trade Finance 2015. Your participation will contribute to the study and allow for a better understanding of the sector and its needs.
UniCredit has made senior managerial changes in its corporate & investment banking (CIB) division with the aim to further develop the business in support of a larger and increasingly demanding corporate customer base.
ANZ has made a number of senior appointments in its renminbi (RMB) banking and trading teams, to support growing volumes of RMB denominated cross-border financing for clients.
Commodity trading company Louis Dreyfus Commodities has appointed Vijay Anand Ramanujam as its new regional head of trade finance for Asia. He is based in Singapore.
Russian mining and metals company Mechel has appointed Ekaterina Istratova as its new head of corporate finance. As such, Istratova returns to the company where she worked before becoming a banker, but this time as head of the department.
ABN AMRO has strengthened the sector focus of its energy, commodities & transportation (ECT) clients business with the appointment of Albena Vassileva. She has the title of senior originator in the sector origination team and will be responsible for financial sponsors coverage for ECT clients.
Mizuho Bank has hired Moses Singo as the senior director of global trade finance in its Johannesburg office.
Italian export credit agency (ECA) SACE has appointed Bernardo Attolico to head up its new debt capital markets division, aimed at developing services dedicated to companies active in the capital markets.
British export credit agency (ECA) UK Export Finance (UKEF) today confirmed the appointment of export finance grandee Margaret Eyres to the newly-created role of head of direct lending.
FIMBank group has recently announced its financial results for 2014, in which it posts a pre-tax loss of $53.43 million. This compares to a pre-tax loss of $6.4 million in 2013. The bank has also lost a number of senior personnel at the same time. Despite this, the bank entitles its financial report for 2014 as “Positive outlook after high impact of impairments”.
BNY Mellon has appointed Arnon Goldstein as head of sales & relationship management, treasury services, for Asia-Pacific. He will be based in Singapore. Goldstein brings over 18 years of professional and regional experience to his new position, having served in a series of increasingly responsible transaction banking and client relationship management positions in New York, Shanghai and Singapore.
Luis Alvarez, the veteran global head of crude oil trading at commodities titan Glencore, has retired, leaving a hole in the trader’s senior operations management structure.
Cornerstone Global Commodities (Cornerstone) – the global brokerage firm specialising in energy derivatives – has recruited Duncan Preston from Swiss-based commodity trader Vitol.
Commodity trading company Trafigura Beheer has today announced that Christophe Salmon will become the company’s new chief financial officer (CFO) as of 1 October 2015.
We’re taking the global export roadshow to Lisbon! Join us on the 7th & 8th June 2022 for another unmissable hybrid event. Deal makers from across the globe are attending in force. Don't miss out...
The destination for African commodity finance! A unique opportunity to come together with deal makers across this exciting region for virtual networking opportunities second to none!
Returning in-person to London! Calling all changemakers in trade & export finance - Join us for another thought-provoking edition to plot your ideas about diversity, sustainability and inclusion.
Return of the hugely popular virtual event which addresses the challenges of sustainable commodity finance head on. Bringing you an atmosphere that is inspiring & ideas led! The time is now...
TXF Asia is back, in-person, in Singapore! After three fabulous virtual editions, nothing can compare to face-to-face meetings and getting back in the room with the finest export finance minds.
Three virtual editions later, TXF APAC makes its first in-person return, in Singapore! Join us for an intimate, local language event curated specially for the trade and commodity finance market.
The climax to Geneva commodities week, TXF Geneva brings together the European commodity finance market for an unparalleled two days of thought leadership, networking and education.