George Yeo has stepped down from the board of Singapore-headquartered agribusiness Wilmar International in order to make way for additional independent non-executive directors. The palm oil producer has appointed former GIC group president Lim Siong Guan and Hong Kong-based PAG chairman and chief executive Shan Weijian to the board.
Merseyside-based trade finance provider Seneca Trade Partners has appointed Mark McGuire as a new director and shareholder. He joins from his previous role as managing director of Goldcrest Trade Finance.
Law firm King & Spalding has hired two senior counsel to its trade practice in Geneva. Hannes Welge joins from the European Commission, while Hamid Mamdouh was formerly with the World Trade Organization.
Commodity giant Glencore has appointed Gill Marcus as an independent non-executive director of the company, with effect from 1 January 2018. She was governor of the South African Reserve Bank from 2009 to 2014.
The head of KEPCO, and former Korean vice minister of trade, industry and energy, has offered to step down following the announcement that the Toshiba Corp. has selected Korea Electric Power Corp.(KEPCO) as the preferred bidder to buy a stake in its NuGen consortium developing the Moorside nuclear project in the UK.
Ulrich Schroeder, the head of German development bank KfW, will quit at the end of December due to illness, according to reports. The 65-year-old had his contract extended until 2020 two years ago but has decided to leave early. He has run Frankfurt-based KfW since September 2008.
Former HSBC chairman Douglas Flint, US Treasury Secretary Larry Summers, and Microsoft chairman John Thompson are among those to join the global advisory council of Motive Partners, a fintech investment vehicle set up by veterans of the global financial technology industry.
Netherlands-headquartered commodity trader Louis Dreyfus Company has promoted James Zhou to the role of the North Asia Region. He joined Louis Dreyfus last year as CEO for China. Jaime O'Donahue, who was previously head of the Asia region as a whole, is now head of the South & Southeast Asia Region.
Southwestern Energy Company has appointed Clayton A Carrell as its Executive Vice President and Chief Operating Officer. He moves from EP Energy and will be responsible for operational and technical activities.
Dutch bank ABN Amro's diamond and jewelry division will become part of its trade-and-commodity finance business under a restructuring. Geert van Reisen has replaced Erik Jens, who has led ABN Amro's diamond department for five years, as new global head for its precious-stones unit. Van Reisen was previously the lender's global head of strategy, risk and portfolio management for diamonds and jewelry.
Swiss-headquartered Gunvor Group has wooed Singapore's Noble Group's star gasoline trader Dmitri Sinenk to join its expanding US operations as an exodus from the struggling Asian trading house continues amid asset sales and a debt restructuring.
CEO of potash junior Danakali, Paul Donaldson, will transition from his role as CEO and MD to non-executive director, before the end of 2017. Danny Goeman, a highly experienced mining industry professional, will go from head of marketing to the role of CEO.
Britain has created nine HM Trade Commissioner roles to represent the country in key trade markets abroad. The nine geographical areas that the HM Trade Commissioners will cover include Africa, the Asia-Pacific, China, the Eastern Europe and Central Asia Network, Europe, Latin America, the Middle East, North America and South America.
The Export-Import Bank of Thailand has appointed Anuchit Vitayaburananont as first vice-president in charge of Corporate Business 4 Department, a new business unit to render services to large and leading Thai corporates and entrepreneurs in their export and investment overseas.
Allen & Overy has appointed Prakash Raja Segaran as a Singapore law finance specialist partner in its Singapore office. He joins from Shook Lin & Bok and regularly acts as Singapore law counsel on cross-border transactions across the ASEAN region as well as in China and India.
Australian-British metals and mining group Rio Tinto has abandoned plans to appoint Conservative Party boss Sir Mick Davis as its next chairman in the wake of a revolt by investors. A group of leading shareholders wrote to the miner's board to say that Sir Mick's appointment would be unacceptable.
Deutsche Bank has appointed Ahmed Shehab as head of trade finance for financial institutions in MENA and Turkey. He will retain his current role as head of Deutsche Bank's representative office in Cairo, where he is based.
Indonesia-focused copper explorer Asiamet Resources has appointed mining veteran James Deo as its new chief financial officer. He was most recently a consultant to Newcrest Mining - the largest gold miner in Australia.
German transport finance bank DVB has announced that Bart Veldhuizen will step down from the board of managing directors and leave the lender. David Goring-Thomas, member of DVB's board of managing directors in charge of the bank's aviation finance and land transport finance businesses, will assume responsibility for its shipping finance business.
Australia's Infrastructure and Project Financing Agency (IPFA) has appointed Leilani Frew as its new CEO. She will move from the New South Wales Treasury and take up her position from interim appointment John O’Neil on December 11.
The Asian Development Bank has appointed Mukhtor Khamudkhanov as new country director for Nepal. He joined ADB in 2001 and was most recently principal energy specialist in the energy division for South Asia.
Kostiantyn Lytvynskyi, chief operating officer and head of trading of Ukrainian grains and oilseed producer Kernel, has left the company, two sources close to the matter said. Lytvynskyi was also responsible for logistics.
Ripple has appointed Benjamin Lawsky to its board along with Ron Will as CFO, and says they will help steer the company's cross-border payments ambitions. Lawsky is a former New York Superintendant of Financial Services, while Will has three decades of experience as an investment banker.
XL Catlin's insurance operation has appointed Dr Thomas Gotting as Country Manager Germany. He joins from Coface and will take up his post on January 1, 2018. He succeeds Dieter Goebbels who will retire in early 2018.
Deutsche Bank's Asia Pacific head of global transaction banking, Lisa Robins, is leaving after a six-year stint with the lender. Robins joined Deutsche in 2011 from JPMorgan, where she was the vice chairman for treasury and security services for JPMorgan China.
Glencore billionaire Telis Mistakidis has resigned from one the commodity giant's key divisions - Canada-listed Katanga Mining - over lax financial controls at a controversial mine in the Congo. Mistakidis has stepped down from the board after "material weaknesses identified in internal controls over financial reporting".
The Minister of Infrastructure and Communities has announced the appointment of ten people to form the independent Board of Directors at the Canada Infrastructure Bank. Janice Fukakusa was appointed as Chairperson in July.
US agri-trader Bunge has unveiled organisational and leadership changes, simplifying its structure from five operating companies to three regions. Todd Bastean is president, North America; Pierre Mauger is president, Europe and Asia; and Raul Padilla is president, South America and Sugar & Bioenergy.
Santander has hired Bart White as Head of European Infrastructure Debt Advisory at Santander Global Corporate Banking. He joins from UBS and will report to Alejandro Ciruelos, Head of Project & Infrastructure Finance and Debt Advisory in London and to Carlos Muniz, Global Head Project & Infrastructure Finance and Debt Advisory in Madrid.
Conservative Party chief executive Sir Mick Davis wants to return to the helm of one of the world's biggest miners as the next chairman of Rio Tinto. Sir Mick, who spearheaded the growth and eventual £20 billion sale of Xstrata nearly five years ago, is in talks with the Rio board about the move.
Christopher Emslie, former country treasurer for Singapore at Swiss engineering group ABB, has been appointed regional treasurer to head up the Asian treasury centre of US-based food company General Mills, again based in Singapore.
International law firm Hill Dickinson has announced that partner Sumeet Malhotra has joined its Singapore office. He previously worked at senior in-house positions at Cargill, and at Noble Group in Singapore, where he dealt with dry shipping matters, commodity trade disputes and transactional matters involving commodity trading and commodity-backed structured trade finance.
Dr Joachim Nagel has become a member of KfW Group's Executive Board. He was previously appointed to succeed Dr Norbert Kloppenburg as a member of the Board of Supervisory Directors at KfW IPEX-Bank and was elected as its chairman last month.
Trafigura has launched a one-year apprenticeship programme that will give A-level and diploma holders the opportunity to train on the job in the commodity trader's trade finance, warehousing or logistics units at its Singapore, Geneva or Houston offices.
Global law firm Dentons has hired the former Ashurst oil, gas and utilities specialist Mhairi Main Garcia as a partner in its Energy and Infrastructure practice in Dubai. It follows the recent appointment of Ghassan Shuhaibar as Corporate partner in October.
India's Yes Bank has appointed Ajay Rajan as group president and head of transaction banking sales. He will be responsible for a range of products, including trade and supply chain finance. He has more than 21 years of corporate banking experience with Deutsche Bank in the areas of trade finance and cash management across India.
Michael Hannibal has joined fund manager Copenhagen Infrastructure Partners (CIP) as a partner where he will be taking a lead role in their offshore wind business. He joins from manufacturer and developer Siemens Gamesa.
Norton Rose Fulbright has added to its Sydney office with the appointments of oil and gas sector specialist Natalie Lonergan, who joins from Herbert Smith Freehills; cross-border and African mining and metals projects specialist Lisa Koch, who is moving from the London office; and renewable energy finance adviser Karel Potgieter, who joins from Baker & McKenzie in Johannesburg.
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