Page 45 - Data Controller News Today

Mizuho Bank has hired Ashutosh Kumar as co-head of global transaction banking for Asia and Oceania. Kumar joins following a 16-year career at Standard Chartered, where he most recently served as global head of working capital solutions. Prior to this he held positions including global head of transaction banking sales, regional head transaction banking for ...

The Regional Comprehensive Economic Partnership (RCEP) will see Asian importers increasingly spurn business with the EU, US and other non-member markets, cementing the Asia Pacific region’s primacy in global trade, new UN research finds. In the report, titled A new centre of gravity, the United Nations Conference on Trade and Development (UNCTAD) forecasts that billions ...

Re/insurance giant Swiss Re has hired Deepti Khaire-Phanse as a senior underwriter for trade finance, based in London. Starting with immediate effect, she reports to the company’s head of corporate risk, Johann Leo Paul, and is responsible for underwriting trade and supply chain finance (SCF) transactions for insured clients, mainly banks. She makes the move ...

China and Latin American countries have signed an agreement to enhance economic cooperation, including for trade and investment, as the Asian powerhouse increases its presence in the region. The deal, titled the “joint action plan for cooperation in key areas”, was signed last month by intergovernmental body the Community of Latin American and Caribbean States ...

MonetaGo, a fintech company that provides digital fraud prevention solutions, has hired Munetoshi Yamada as managing director of its newly opened Japanese operations. Yamada joins from R3, where he served as partner manager, leading the establishment of the American company’s joint venture with SBI Holdings and driving adoption of R3’s Corda in Japan and the ...

The African Export-Import Bank (Afreximbank) has signed a US$1.2bn syndicated term loan with 22 banks. The three-year facility will be used for general corporate purposes, refinancing existing facilities and for payment of facility costs, the pan-African lender says. “This successful transaction, launched against the backdrop of the volatility that resulted from the announcement of the ...

Abu Dhabi Islamic Bank (ADIB) has hired Mark Emmerson as its new head of global transaction banking, starting with immediate effect. Reporting to ADIB’s global head of wholesale banking, Michael Davis, Emmerson is tasked with supporting the trade finance and cash management needs of the bank’s corporate client base in the UAE and internationally. “In ...

United Bank for Africa (UBA) UK has appointed Kenton Hartwell as senior business development manager for trade finance. Hartwell joins from Africa Merchant Capital, where he most recently served as the general manager of its trade finance arm prior to its demerger at the end of last year. In his new position, Hartwell reports to ...

Trade finance platform Triterras is seeking to overturn Nasdaq’s decision to delist its securities from the US stock exchange, which was taken after the company repeatedly failed to file audited annual accounts.  The New York-based exchange had informed Triterras on December 10 that trading of its shares would be suspended within 15 days, and that ...

US President Joe Biden has signed into law the Uyghur Forced Labor Prevention Act (UFLPA), preventing businesses importing goods into the US from China’s Xinjiang region, unless they can prove products were not made with forced labour. The UFLPA signed on December 23, presumes that “all goods, wares, articles, and merchandise mined, produced, or manufactured ...