Stay updated with breaking news from Exporta Publishing. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Mid-market supply chain finance (SCF) platform Finverity has appointed Ahanna Anaba to the newly created role of head of sales, digital solutions and partnerships. Anaba joins from Africa-focused investment deal origination platform Orbitt, where she was head of transactions. During her time at Orbitt, she led the transactions team and managed US$1.3bn-worth of investments transactions ...
Crédit Agricole has promoted Javier Sanchez-Asiain to the position of global head of global trade finance. Sanchez-Asiain made the move to Paris in January from London, where was head of the UK international trade and transaction banking team. He replaces Naeem Khan, who is moving to another position within the French lender. Sanchez-Asiain, who has ...
Australian trade finance platform Marketlend says it intends to file further lawsuits against trade credit insurer the Bond & Credit Company (BCC) and its parent, Tokio Marine, for what it says is failure to honour claims filed after a spate of insolvencies in the Asian commodities trading sector. Marketlend last year asked Australia’s Federal Court ...
Evolution Credit Partners, an alternative credit manager, has launched a trade credit protection (TCP) programme to protect sellers and their related account receivables against non-payment or bankruptcy of buyers. Evolution, which launched in April 2018 after spinning out from Harvard Management Company, has approximately US$2.5bn in assets under management as of December 2021 and invests ...
In recent years fraudsters have managed to swindle banks in the commodities financing sector through double financing, selling commodities of subpar quality or which simply don’t exist. In this Industry Perspective, Sean Birrell, chief technology officer of Veridapt, and David Thambiratnam, its chief executive officer, explain why technology that monitors physical commodities in real time ...