Page 14 - Personal Data Held News Today

Switzerland’s Helvetia has become the latest insurer to rule out any future involvement in the Adani Group’s controversial Carmichael coal mine project in Australia, GTR can reveal.  Helvetia has previously stated it has no current involvement in the project, following pressure from Market Forces, which has led a sustained campaign to dissuade banks and insurers ...

London-based Finverity has raised US$2mn in an equity funding round to help fuel the trade finance marketplace’s growth. Finverity, which focuses on supply chain finance for mid-market companies in emerging markets, won backing from Jersey-based BY Venture Partners and existing Canadian investor Loyal VC. An emerging market family office and “a number of strategic angel ...

A Lithuanian official says a spat over alleged restrictions by China poses a challenge to the World Trade Organization’s (WTO)’s ability to protect rules-based trade. As the European Union prepares for WTO dispute settlement consultations with China over what it says are discriminatory trade practices against Lithuania, Vytautė Šmaižytė-Kuliešienė, spokesperson for the country’s ministry of ...

Australia’s public export finance institution has conditionally approved the first loans to be rolled out under a financing scheme to develop the country’s critical mineral sector. Export Finance Australia (EFA) has offered two loans worth a total of A$239mn (US$170mn) to two companies developing graphite processing projects for the supply chains of electric vehicle batteries. ...

TradeLens, a digital platform launched by IBM and AP Moller-Maersk, has completed its first end-to-end paperless trade finance transaction. The deal, which involved the shipment of agrichemicals from South Korea to Bangladesh by Syngenta, was financed with a letter of credit from HSBC. All associated documentation was shared among the parties via the TradeLens platform. ...

Danske Bank has appointed Troels Estrup as senior vice-president and global head of trade finance, effective from February 1. Estrup has been at the Danish lender since 2013 and was most recently global head of treasury client management, markets and transaction banking. He replaces Lars Ekström, who had been in the role since July 2019. ...

Financial technology solutions provider MonetaGo has appointed Oswald Kuyler to the newly created role of head of strategy for Europe, effective March 1, GTR can reveal. Kuyler joins MonetaGo from the International Chamber of Commerce (ICC)’s Digital Standards Initiative (DSI), which he has led since it was established in September 2020. During his time at the ...

The London Institute of Banking and Finance (LIBF) has appointed a new relationship director in Asia. Latifah Alkhatib has joined LIBF – which offers training and qualifications in trade and transaction banking – in its Singapore office. Alkhatib moves to LIBF from the International Chamber of Commerce (ICC) Academy, where she managed Asia Pacific and ...

Bank of America has appointed Jacqui Kirk as head of trade and supply chain finance for its global transaction services (GTS) business in Europe, the Middle East and Africa (Emea).  Kirk, who has spent nearly a decade at the bank, most recently held the position of co-head of product management across the Emea region. She previously ...

The UK’s export credit agency is providing a £500mn loan guarantee to automotive manufacturer Jaguar Land Rover, in a bid to boost the country’s electric vehicle (EV) manufacturing and export sector. The agreement, which was signed and drawn down in full by the company in December, sees UK Export Finance (UKEF) cover 80% of a ...