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Companies linked to Singapore trade finance platform Triterras have sought to take control of several insolvent traders in India, despite historic accusations of fraud against those firms, documents show.  Corporate registry information and stock exchange filings show that two Hyderabad-based trading companies – Sujana Universal and Splendid Metals – have already been taken over by a Triterras-related company in recent ...

Deutsche Bank and global commodities trader Mercuria have settled a US$21mn dispute stemming from the Qingdao metals scandal exposed in 2014, court documents show. Mercuria filed a claim against the German lender in London’s High Court in November 2019, seeking damages, interest and costs over a 2014 deal in which Mercuria paid the bank for ...

Chinese banks have a “dismal” rate of engagement with concerns about the human rights impacts of their overseas investments, a new report says. The London-based Business and Human Rights Resource Centre (BHRC) says China’s banks, including private, state-owned and development banks, have responded to only one of 20 requests to answer to human rights concerns ...

Francesca Nenci will take sole charge of UniCredit’s trade finance business amid a simplification of the Italian lender’s executive structure under new CEO Andrea Orcel. Nenci, who has been with UniCredit since 2004, has been global co-head of trade since May 2020 alongside Raphael Barisaac. She has now been appointed as sole global head of ...

Re/insurance giant Swiss Re has hired Marilyn Blattner-Hoyle as global head of trade finance in its global credit and surety unit. Blattner-Hoyle joins from AIG, where she had been since 2015, most recently as managing director, global head of trade finance, based in London. Before AIG, she was a solicitor with Hogan Lovells in London, ...