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JP Morgan has hired Rodrigo Boulos to lead its US west coast trade and working capital team. Based in San Francisco, Boulos starts with immediate effect and reports to the bank’s global head of trade for commercial banking, Anubhav Shrivastava. The move supports JP Morgan’s wider efforts to enhance its client focus in the region, ...
Blockchain-based invoice financing provider VoloFin has partnered with Highmore, a US-based alternative asset management group, as the Singapore fintech looks to deepen its working capital support for SMEs. VoloFin, which has offices in the US and India as well as its Singapore headquarters, helps SMEs unlock liquidity in unpaid invoices via its financing platform. Highmore, ...
UK Export Finance (UKEF) has agreed to guarantee a €2.4bn loan from a group of commercial banks for a high speed electric railway project in Turkey. The deal, signed in December, will see the UK’s official export credit agency (ECA) cover 85% of the total financing through its buyer credit scheme, which backs exports by ...
Adoption of the legal entity identifier (LEI) in trade is gathering pace, with Toronto-headquartered tech firm Surecomp becoming the latest company to integrate it into its systems. In a new partnership with the Global Legal Entity Identifier Foundation (GLEIF), the trade finance software and solutions provider will embed the global LEI index into all of ...
Belgium’s export credit agency (ECA) Credendo is weighing up the future of its joint venture with a commercial Russian insurer amid Russia’s invasion of Ukraine, as it nurses an exposure to the country of around €4bn. Credendo, which also offers private trade credit insurance, owns 67% of a joint venture, Credendo-Ingosstrakh Credit Insurance, with Ingosstrakh, ...