Blockchain company Ripple has appointed Kahina Van Dyke, a banking industry veteran who recently worked as Facebook's global payments director, as its new senior vice president of business and corporate development. The company also said head cryptographer, David Schwartz, would assume the role of chief technology officer.
The hirings come amid an ongoing campaign by Ripple to persuade the financial industry to use XRP - a cryptocurrency of which Ripple owns enormous stores - to facilitate cross-border payments.
London-based Crown Agents Bank has hired David Pitts as senior advisor on its International Development Organisations team. Pitts has worked as a Senior Relationship Banker in Africa for the past 20 years and joins from Ecobank.
The commodity trading landscape is changing, as are the needs to insure risk by both commodity traders and producers. Katharine Morton spoke to brokers, insurers and the end users of insurance to see how the market is evolving. Is CPRI meeting end user needs and will bank regulation put the whole commodity trade insurance market under a cloud?
David Strickland has joined law firm White & Case LLP as a partner within its Global Project Finance Practice and its Global Oil & Gas Industry Group in Houston. He moves from King & Spalding and will focus on drafting and negotiating construction transactions.
In the wake of the illegitimate 20 May presidential elections, Venezuela is at an inflection point. The country faces an acute political and economic crisis, and the Maduro government’s long-term viability is low. For trade and export financiers, it is important to consider what comes next in Venezuela, and what signals will determine the country’s path.
David Lynne, Asia Pacific chief for fixed-income and currencies at Deutsche Bank, is to also take on the role of head of the global transaction banking unit in the region. Lynne, who joined Deutsche Bank in 1995 and is based in Singapore, will replace Lisa Robins who left in 2017 after a six-year stint to join Standard Chartered.
As a growing number of blockchain initiatives start live testing, albeit in controlled environments, trade tech is moving to an even more confusing level – a plethora of rival product claims backed by proofs of concept. Choice of tech and provider is about to get even more complicated.
Australian law firm Corrs Chambers Westgarth has promoted two lawyers to its partnership. David Ellenby, of the Property & Infrastructure group, will be based in the Melbourne office while Nick Thorne, Energy & Resources, will be based out of Brisbane and Port Moresby, Papua New Guinea.
The US-headquartered Bankers Association for Finance & Trade (BAFT) has re-elected Kimberly Burdette of PNC to serve a second term as the chair of its board of directors. David Scola, of Barclays, is vice chair.
AI-powered identity verification provider Onfido has hired David Clarke as Chief Financial Officer. Clarke was most recently CFO of digital payments company Skrill Group, which he led through their €1.1 billion acquisition by Optimal Payments. Prior to this, Clarke held the position of CFO at Lebara Mobile, and spent a decade as CFO EMEA at PayPal. He will be based in London.
US-based Safe Banking Systems, which provides anti-money laundering and compliance solutions, has appointed Joseph Bognanno to the newly created position of Chief Innovation Officer. Bognanno will be based in the company's Mineola headquarters in New York, where he will report to David Schiffer, President & CEO. Prior to joining SBS, Bognanno served as SVP, Head of Global Risk Analytics at HSBC.
Specialist insurer Markel International has appointed David Crozier to be president of Markel Canada. He will take up his position at the beginning of 2019, following the retirement of Karen Barkley at the end of the year. Crozier joins Markel from Everest Insurance Company of Canada, where he was president and chief executive officer, having previously been senior vice president, operations, for Economical Mutual Insurance Company.
BESA CEO David Frise has called on the UK government to speed payment reform following news that M&E firm Vaughan Engineering is facing administration as a result of the collapse of Carillion.
MPs investigating the Carillion insolvency have expressed grave concerns about the Prompt Payment Code (PPC) administered by the Department for Business, Energy and Industrial Strategy (BEIS). Carillion was a signatory to the code and received public sector contracts as a result, but forced its own supply chain contractors to accept 126-day payment terms.
Frise said it was “rubbing salt into the wounds” that Carillion’s administrator PwC had reportedly received more than £20 million for its work during the first two months after Carillion collapsed.
Crown Agents Bank has appointed David Bee in the newly created role as Head of Global Markets. He will join the bank's Executive Committee. Bee joins from Lloyds Banking Group, where he served as Head of Offshore Financial Markets & Institutional FX Sales. He has previously held senior positions at country and global levels at Citi, Deutsche Bank, and Standard Chartered.
UK-based payments, fraud and risk management group ai Corporation has announced the appointment of Robin Whitehead, David Gilhespy and Natasha Westover, as Chief Technology Officer, Chief Operations Officer and Finance Director, respectively.
Xinjiang Goldwind Science & Technology Co subsidiary Goldwind Americas has appointed David Sale as its new chief executive officer. He joins the Chicago-based company from Siemens-Gamesa Renewable Energy.
Fairfax Financial Holdings Limited has entered into an agreement to acquire certain assets and assume certain liabilities in Carillion Canada Holdings Incorporated's infrastructure services operations.
Fairfax has also announced that upon completion it is to appoint the former Governor General of Canada, David Johnston and the former Secretary to the Governor General of Canada, Stephen Wallace, to the board of directors of the acquired Canadian companies.
Previse, the AI supplier payments decision making company, has announced four additions to its advisory board. Sainsbury's Chairman David Tyler, Macron adviser Alexandra Prigent-Labeis, British Land Chairman John Gildersleeve, and The Data Lab CEO Gillian Docherty.
Meanwhile, Previse CEO Paul Christensen will be speaking at TXF Singapore 2018: Trade, Treasury & Commodity Finance, which takes place from 28 February to 1 March.
Anglo American has appointed Tyler Mitchelson as the next chief executive officer of its metallurgical coal business. Mitchelson, who will start the new role on April 3, is currently Anglo's group head of integration and business planning, based in London. Outgoing metallurgical coal CEO, David Diamond, who will leave Anglo after 17 years.
TXF caught up with Olivier David, head of special products at Atradius, to find out more about their tailored credit and political risk insurance products and why data sharing initiatives are key to making trade finance more visible.
Buyout fund Terra Firma has appointed former deputy group CFO of Standard Chartered Vivek Ahuja as its new group chief financial officer. David Browne is joining from Paine Schwartz Partners as a director in the private equity team and Mark Elliott has been appointed as a managing director and head of support capital.
Oil and gas exploration and production company PDC Energy has appointed the Chief Accounting Officer R. Scott Meyers to the position of Chief Financial Officer with the contemporaneous resignation of former CFO David Honeyfield.
David Cameron is taking a leadership role in a $1 billion fund set up to back China’s Belt and Road infrastructure initiative. The state-endorsed fund will be led by private institutions in UK and China and employ the former UK prime minister in a leadership role that has yet to be defined.
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.
In a recent report to mark 20 years of Zurich’s Credit and Political Risk programme, the insurer revealed that some $934 million in claims have been paid to business customers. Oliver O’Connell spoke with David Anderson, managing director at Zurich Credit & Political Risk, about trends in claims payments and why publishing claims payment data is so important to the
ECAs are stepping up their SME support initiatives. Application processes and ease of access to export cover is improving. But as commercial banks retreat from the SME loans market, more ECA direct lending to SME exporters is a must.
Investment banking service provider CohnReznick Capital has announced additions to its New York office in the shape of new Director Manish Hebbar from Bank of America Merrill Lynch, project finance analyst Luis Iglesias from Mizuho Bank and analyst David Barbeau from Macquarie Capital. Analyst Hamilton Foster will join the San Francisco office from Level Solar.
While their contribution to trade finance remains tiny compared with that of traditional banks, trade finance funds are an increasingly critical provider of liquidity, especially for the smaller producers and traders that are essential to global supply chains but which big banks no longer have appetite for.
The UK's Brexit Secretary David Davis still wants Britain to have access to European Investment Bank funds after the country leaves the EU. The lender has funded £31.3 billion for infrastructure spending, entrepreneurship and development in the UK over the last five years.
David Hill has been made the new country director of the Asian Development Bank's Papua New Guinea Resident Mission in Port Moresby. He has 27 years of professional experience as an economist and transport specialist.
Digital trade finance platforms and tools such as the Bank Payment Obligation can help treasurers mitigate counterparty and other local risks more efficiently as companies seek a bigger footprint in Central and Eastern European markets, according to UniCredit's David Vials.
David Marks has been named head of Wells Fargo Capital Finance, the US bank's asset-based lending unit. He will oversee Capital Finance's core business groups, including domestic and international factoring and trade finance, traditional asset-based lending, specialised junior and senior secured financing, and channel finance.
Miller Insurance Services has strengthened its credit and political risks team by hiring David Maule in a business production and senior broking role. He will work with colleagues in the London, Paris and Singapore offices.
GE Energy Financial Services (GE EFS) has been forced to make key strategy changes amid the Export-Import Bank of the United States' ongoing inability to approve deals over $10 million. GE EFS managing director and global capital advisory leader Bob Psaradellis, and Guto Davies, global ECA leader, talk to TXF about financing, manufacturing, and how to develop $50 billion of global ECA contractual capacity while US Ex-Im is handicapped. David Nason, president and CEO of GE EFS, is one of the many top speakers at TXF Venice 2017: The Global Borrowers' Summit, in Italy, on June 7-9.
London-based Markel International has launched a surety offering, with Damian Manning hired to head the new team and David Chandler as senior underwriter. Manning joins from Aviva, while Chandler most recently worked as risk director- bonding for Euler Hermes.
Global payments provider Equiniti has appointed six new staff, including Aftab Baig as head of fincrime compliance (interim), Thomas Campbell as business development director and David Poore as relationship management director. Oliver Ayres and Callum Miles have also joined as business development manager and business development associate, while Amy Kiplin joins as head of marketing.
TXF Events has unveiled the preliminary agenda for its annual flagship global conference covering project, infrastructure, export & agency finance. TXF Venice 2017: The Global Borrower’s Summit will take place on June 7 – 9th at the Hilton Molino Stucky Hotel and feature keynote sessions with government ministers, DFI leaders, CEOS and captains of industry.
Forecasts for trade since the financial crisis have been steady. Now, political anxiety and regulatory tightening casts a huge shadow of ambiguity over the trade outlook for 2017. Trump, Brexit and China have all rocked the trade plateau, making the trade finance arena next year ever more uncertain, and open for increasing speculation.
Whether you’re an insurance buyer, provider or simply looking to learn more about political risk and trade credit insurance as a risk management tool, this event is a unique opportunity to network with senior decision makers and discuss the key issues impacting the private insurance industry.
A one-day event bringing together Italian exporters large and small, and the stakeholders that do business with them. Network with your peers and potential clients and uncover the latest trends and opportunities.
The event will discuss trends for financing for energy projects, including power and renewables, in region against a backdrop of market reforms in the energy sector and changing political and economic factors influencing investment in the energy plans of specific countries.