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Jervois Mining appoints additional ex-Glencore executive to its board
19 June 2018

Australian junior cobalt explorer Jervois Mining has appointed ex-Glencore nickel executive Peter Johnston to its Board of Directors. He has more than 35 years of operational and project development experience. From 2013 to 2015, he was Head of Global Nickel Assets for Glencore International AG and sat on the Glencore executive management committee. The move means that all Jervois Mining board members are previous executives of Glencore. Johnston joins non-executive directors Brian Kennedy and Michael Rodriguez.

A fresh approach to supply chain finance
A fresh approach to supply chain finance
Michael Sugirin
15 June 2018

Standard Chartered’s unique supply chain finance solution offers a win-win for both buyers and suppliers. By Michael Sugirin, Head of Open Account and Trade Implementation, Transaction Banking, Standard Chartered.

US Ex-Im: Rethinking an agency
US Ex-Im: Rethinking an agency
Michael Whalen
4 June 2018

The US Ex-Im political quagmire continues. So Michael Whalen, managing director at Berkeley Group and former vice president of structured finance at US Ex-Im, asks what a new US export finance agency vision might look like.

Freeport train 3: Refinancing to avoid Toshiba's nuclear fallout
Freeport train 3: Refinancing to avoid Toshiba's nuclear fallout
Tom Nelthorpe
31 May 2018

The holding company refinancing for Freeport LNG train 3 shows that banks have not soured on US LNG. But troubled offtakers may force sponsors down less palatable financing routes.

Identity cheques
Identity cheques
Helen Castell
18 May 2018

Could a 20-digit LEI number help banks cut their KYC and compliance costs while narrowing the SME trade finance gap? Yes – but not until regulators get behind it.

Michael Waitz
17 May 2018

Team Head Structuring Advisory ECA Cover & Subsidies at KfW IPEX-Bank worked on 1 deals.

Lekela appoints Chief Financial Officer
15 May 2018

African-focused renewable power company Lekela has appointed the former Director of Finance for Globeleq Michael Parsons as Chief Financial Officer, who will also serve as a member of the Lekela Executive Committee.

Another confusing link to the blockchain
Another confusing link to the blockchain
Oliver Gordon
8 May 2018

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.

EDC playing loose with loan risks, says Auditor-General
1 May 2018

Export Development Canada (EDC) is mishandling loan risks and keeping board members in the dark about key financing arrangements, according to a report by federal Auditor-General Michael Ferguson. He criticised the Ottawa-based export lender for not adequately tracking potentially risky loans, failing to keep up with industry norms, being slow to fill vacancies on its board of directors and keeping information from directors that they need to "fully understand" the risks facing the agency. The audit uncovered many of the same problems identified in an earlier 2009 audit, he said. The report does not cite any specific problem loans, but focuses instead on gaps in the agency's policies and practices.

Cometa Energia: Actis learns a lesson in Mexican energy reform
Cometa Energia: Actis learns a lesson in Mexican energy reform
Tom Nelthorpe
27 April 2018

The bond refinancing of Actis’ acquisition of InterGen Mexico was pitched as a safe play in Mexico’s evolving energy sector. But reform, politics, and the assets’ age, all made the deal a challenging sell.

Whalen re-emerges at BRG
22 March 2018

Michael Whalen – who until May 2017 was vice president of structured finance at US Ex-Im, and more recently senior advisor to executive director Martin Klepper at the Build America Bureau (the USDOT entity responsible for transport infrastructure development projects) – has re-emerged at Berkeley Research Group (BRG). Whalen leads BRG’s energy and infrastructure project finance advisory services, augmenting the firm’s expertise in the financing of global gas, power, renewables, upstream, construction and other capital-intensive transactions.

Jan Kupfer to head UniCredit's CIB in Germany
20 February 2018

Jan Kupfer has been appointed head of corporate and investment banking (CIB) for Germany at UniCredit. He is currently global co-head of global transaction banking at the Italian-headquartered bank. Kupfer takes over from Michael Diederich, who was appointed country chairman for Germany after the departure of Theodor Weimer to become chief executive of Deutsche Boerse at the start of this year.

Corporate renewables PPAs: Stepping up in the credit equation
Corporate renewables PPAs: Stepping up in the credit equation
Callum Burroughs
14 February 2018

A record amount of renewables corporate PPAs signed in 2017 and the trend looks set to continue. With US PPA structures working their way into Europe, and the rise of zero subsidy renewables projects, PPAs are taking on much more importance for bank credit committees.

EllisDon awarded $411m Michael Garron Hospital
7 February 2018

The EllisDon Infrastructure MGH Inc consortium has been awarded the $411 million Michael Garron Hospital Phase 1 New Patient Care Tower Project by Infrastructure Ontario. The project includes renovations within the existing hospital and the construction of a new eight-story patient care tower.

Winston & Strawn recruits eight from Norton Rose
2 February 2018

A new group at law firm Winston & Strawn has appointed eight lawyers from Norton Rose Fulbright to work in the energy and infrastructure sector at the New York, Washington and Houston offices. D.C.David Gillespie, Patrick Groomes, Michael Loesch, Michael Pikiel Jr. and Michael Yuffee are joining as partners, with Terry Arbit, Brenda Hanzl and Rebecca Limmer as counsel.

Michael joins UKEF Indonesia
8 January 2018

Richard Michael has been appointed country head for Indonesia by UKEF. Michael took up his new role in December having previously been a board member ...

Blockchain in trade: are we missing the point?
Blockchain in trade: are we missing the point?
Helen Castell
8 January 2018

Amid the hype around blockchain, is the market losing sight of what the technology can really do for trade finance – and what it can’t?

EllisDon named preferred proponent for Michael Garron Hospital project
5 January 2018

Infrastructure Ontario and Michael Garron Hospital (MGH) have selected EllisDon Infrastructure Healthcare as the preferred proponent to design build and finance the Phase 1 New Patient Care Tower Project to be located at the MGH in Ontario, Canada.

ABN appoints new head of project finance for APAC
20 December 2017

ABN Amro has appointed Simon Dodd as its new head of project finance for Asia-Pacific (APAC). He will be based in Hong Kong, and will also have the ti...

MUFG appoints new APAC head of ECA, commodities and trade
19 December 2017

James Reilly has been appointed as the new APAC regional head of ECA, commodities and trade finance for MUFG. He will be based in Singapore. Previousl...

New structured commodity hires for ABN Amro Asia
8 December 2017

Michael Wang, former head of structured metals and energy finance China at ING Bank, and Mengfei Wang, formerly of Deutsche Bank, have joine...

Martabe gold refi saves 100bp-plus on margin
27 November 2017

Marlin Enterprise has reached syndication close on a refinancing of the $600 million acquisition debt it raised in November 2015 to acquire the Martab...

New partner taken on at CIP
30 October 2017

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.

Top Trump ironies: Donald has a plan
Top Trump ironies: Donald has a plan
Tom Nelthorpe
16 October 2017

Forget twitter and the crassness, Donald Trump has an infrastructure plan that the PPP industry actually likes. But is it workable, and would it pass congress?

Dinham promoted to global head at ING
21 September 2017

ING Bank has promoted Michael Dinham from head of infrastructure finance in Europe to global head. London-based Dinham will now lead teams in London, ...

Michael Creighton
3 August 2017

Head: Export Credit Finance at Nedbank Corporate & Investment Bank worked on 2 deals.

Shandong Qingyuan: Breaking records
Shandong Qingyuan: Breaking records
Callum Burroughs
7 July 2017

Shandong Qingyuan has closed its second benchmark deal in as many years - a $650 million pre-payment facility. The deal is the largest ever structured commodity financing in the Chinese market and the first offshore debt raised by an independent Chinese refiner.

US Ex-Im: Back with the big bucks?
US Ex-Im: Back with the big bucks?
Lucy Palfreeman
30 June 2017

Unable to approve transactions of more than $10 million for over a year now, the two Trump nominees for the new US Ex-Im quorum have sent a mixed message to the big-ticket market. Will it be business as usual again, or is potential Ex-Im president Garrett another disaster waiting to happen?

Baker McKenzie appoints new global head of banking & finance
20 June 2017

Baker McKenzie has appointed Michael Foundethakis as its new global head of banking & finance. He joined the firm in 1999 and became a partner in 2003. He is based in Paris.

Glencore to move sugar trade from London to Rotterdam
20 June 2017

Glencore looks set to move its global sugar trading desk to Rotterdam from London in early 2018. The move coincides with the retirement of Glencore's long-standing global head of sugar Michael Rembaum.

ICC launches working group on digitalisation of trade finance
7 June 2017

The ICC Banking Commission has launched a working group to coordinate all work relating to the digitalisation of trade finance. It will be chaired by Michael Vrontamitis, global head of trade, product management transaction banking at Standard Chartered.

MUFG: Banks risk over-reliance on new technology
15 May 2017

Focusing too much on innovation and the introduction of new technology can put banks at risk of neglecting tried and tested processes and technology that could be adapted for fresh uses, according to Michael Hogan, regional head of transaction banking, EMEA at MUFG's core banking unit.

Perfect 10 Kernel: Sowing seeds for longer tenor debt - a TXF commodity finance Deal of the Year
Perfect 10 Kernel: Sowing seeds for longer tenor debt - a TXF commodity finance Deal of the Year
Callum Burroughs
3 May 2017

Kernel improved pricing on its annual PXF in 2016 but did not find appetite for upping the tenor. Having done the groundwork in 2016, and following a successful five-year bond issue in January 2017, the prospect of a three-year PXF in 2017 looks promising.

Perfect 10 Dongying Fangyuan: A well-placed SAFE bet - a TXF commodity finance Deal of the Year
Perfect 10 Dongying Fangyuan: A well-placed SAFE bet - a TXF commodity finance Deal of the Year
Callum Burroughs
1 May 2017

The largest structured commodity trade finance syndication done by a chinese copper producer to date, Dongying Fangyuan made clever use of China’s SAFE rules to go offshore for cheaper debt.

Perfect 10 Shandong Qingyuan: Warming the pots - a TXF commodity finance Deal of the Year
Perfect 10 Shandong Qingyuan: Warming the pots - a TXF commodity finance Deal of the Year
Sean Keating
26 April 2017

The race to close the first international syndicated structured loan into Chinese downstream oil and gas ended last year when Shandong Qingyuan debuted with a prepayment facility.

Capstone Infrastructure announces Chief Financial Officer changes
4 April 2017

Andrew Kennedy will take up the CFO role and become a member of the Board of Directors.  Outgoing CFO Michael Smerdon moves to a new position as Chief Executive Officer of iCON Infrastructure Canada and will remain on the Capstone's Board.

South-South: A growing trade direction
South-South: A growing trade direction
Helen Castell
28 February 2017

In a slowing global trade finance market, Michael Vrontamitis, global head of trade products, Transaction Banking at Standard Chartered, sees a potential upside to protectionism.

KfW Development Bank keeps Lima metro on track
KfW Development Bank keeps Lima metro on track
Max Thompson
20 January 2017

The Peru government raised DFI loans last month from both KfW and AFD – the latest tranches of debt to back the state contribution to the $5.8 billion Lima Metro Line 2 PPP project.

Amandi Energy ends 2016 on financial close
Amandi Energy ends 2016 on financial close
Max Thompson
17 January 2017

Amandi Energy's $522 million CCGT power plant began construction last month and is expected to increase Ghana's electricity supply by 7% once completed in 2019.

Euronav seals oversubscribed RCF despite tanker industry slump
Euronav seals oversubscribed RCF despite tanker industry slump
Callum Burroughs
13 January 2017

Belgium-based oil tanker company Euronav has secured competitive pricing on its latest revolving credit. The deal was oversubscribed and pulled commitments from 10 banks.

Capital Business Credit makes two executive hires
11 January 2017

Capital Business Credit, a US-based supply chain finance group, has appointed Robert Grbic as president and chief executive officer, and Michael Fortino as chief operating officer.

An apprehensive China see’s RMB power depreciate in world trade
An apprehensive China see’s RMB power depreciate in world trade
Lucy Palfreeman
1 December 2016

The Chinese renminbi this month dropped from the second to the third most active currency in trade finance, overtaken by the euro. The drop has resulted from a slowing economy in the past couple of years, and could see a re-evaluation of how the country approaches globalisation.

The changing dynamics of risk in sub-Saharan Africa
The changing dynamics of risk in sub-Saharan Africa
Michael Creighton
14 November 2016

Recent years have seen an enormous amount of optimism towards Africa, both internationally and within Africa. Ex-President of the African Development Bank, Donald Kaberuka, has made reference to Africa’s Lions joining Asia’s Tigers

The opportunities and challenges of Iran's post-sanctions era
The opportunities and challenges of Iran's post-sanctions era
Michael Sobl
9 November 2016

Iran suffered massively from the economic sanctions imposed by the United States and the European Union. The Iranian oil and gas industry was especially badly impacted, with oil revenues collapsing from approximately $118 billion dollars (2011) to around $42 billion (in 2013).

Everest credit and political risk welcomes Michael Gil
17 October 2016

Insurer Everest Re Group has hired Michael Gil, CFA, to its credit and political risk team. He will be based in the company's New York office.

Petrobras debt reduction plans maintains lender attraction
Petrobras debt reduction plans maintains lender attraction
Callum Burroughs
11 October 2016

Despite being below investment grade, Brazil’s largest oil company appears to have retained market confidence amid an ongoing political scandal and repeated allegations of corruption. The appointment of a new chief executive and ambitious plans to improve the company’s debt position may hint at better days to come for the beleaguered giant.

Michael Vallance makes Santander move
6 September 2016

Santander Corporate & Commercial has hired Michael Vallance as the new UK transaction banking and cash management head. He will be based in London.

Banks must ‘jump in’ to digital payments innovations
Banks must ‘jump in’ to digital payments innovations
Helen Reid
10 August 2016

In a world fast moving towards digitalisation, banks are working to adapt the infrastructure of cross-border payments. Partnering with IT players, banks and fintechs can play to their strengths and together construct the payments systems of tomorrow.

BNY Mellon's Hani Kablawi named EMEA head of investment services
20 July 2016

BNY Mellon has appointed Hani Kablawi as the new head of Investment Services for Europe, the Middle East and Africa (EMEA). Formerly head of Asset Servicing for EMEA, Kablawi will lead the business strategy for Investment Services in the region and will continue to be based in London. Kablawi will report to Brian Shea, CEO of Investment Services and Michael Cole-Fontayn, chairman of EMEA.

FintechWeek ‘16: London “undisputably the fintech capital of the world”
FintechWeek ‘16: London “undisputably the fintech capital of the world”
Helen Reid
18 July 2016

Over the coming days, FintechWeek teases out the new challenges facing the fintech industry as anxieties over London’s role as a financial centre take shape.