Page 16 - Personal Data Held News Today

BNP Paribas has partnered with asset management firm Apollo and its subsidiary Athene to set up a new inventory finance platform. Eliant Inventory Solutions, which is now live, is built on tech provided by software company GEP Worldwide. Athene, which merged with Apollo this month, serves as Eliant’s primary financing partner, while Apollo will act as ...

Sweden’s Export Credit Corporation (SEK) has picked Maria Simonson to become the organisation’s head of sustainability, while at the same time boosting the position’s stature. Simonson will take up the position on April 1 after a 20-year career at Danske Bank, where she was most recently head of group sustainability. An SEK spokesperson says the ...

US-based Marco Financial Partners, a trade finance fintech firm targeting SMEs in the Americas, is teaming up with logistics giant DP World to become a lender on its Cargoes Finance platform.  Marco, which provides working capital facilities to SMEs in the US and Latin America, says the partnership will allow users of Cargoes Finance “to ...

A record number of UK-listed companies reported profit warnings due to supply chain disruption in the final three months of last year, with research showing ongoing concerns over inventory shortages and slow invoice traffic.  A total of 70 publicly listed companies informed investors that profits would be lower than expected in Q4 2021, a year-on-year ...

A decision by energy giants Total and Chevron to pull out of a gas project in Myanmar has reignited calls for multinationals and banks to stop doing business with the country and for governments to slap more sanctions on its military rulers. Myanmar’s military overthrew a democratically elected government in February last year. Rights groups ...

HSBC has named Marissa Adams and Florence Tan as heads of global trade and receivables finance (GTRF) for North America and Continental Europe, respectively. Adams (pictured) succeeds Patricia Gomes, who was recently appointed regional head of commercial banking for the Middle East, North Africa and Turkey (Menat). Based in New York, she will report to ...

Trade finance marketplace LiquidX has carried out the first securitisation facility on its platform, a month after it launched an automated digital distribution tool for trade finance assets. The transaction saw LiquidX source and facilitate a US$125mn accounts receivable finance programme for an unnamed company in the technology, media and telecom (TMT) sector. The structure ...

Finastra has appointed industry veteran Michael Vrontamitis to the role of lead industry principal, lending business unit. Vrontamitis’ career in trade finance spans over 25 years, the bulk of which he spent at Standard Chartered. After joining the bank in 1995 as an assistant relationship manager for UK-based oil and gas multinationals, he held numerous ...

MUFG has extended a US$150mn samurai loan to multilateral development finance institution the Eastern and Southern African Trade & Development Bank (TDB). MUFG is the sole coordinator, bookrunner, mandated lead arranger (MLA), documentation agent and facility agent on the deal. A spokesperson for the Japanese lender tells GTR the facility will be used by TDB ...

UK steel industry groups are calling for swift action to remove tariffs on exports to the US after the two governments opened talks, though wider concerns remain about Westminster’s lack of engagement with the troubled sector.  A joint statement by the UK and US governments last week signalled the start of discussions on tariffs affecting ...