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Fintech-enabled fund manager TradeFlow Capital Management has partnered with the Baltic Exchange, a provider of global freight market information and other maritime services, in a pilot digital escrow transaction as part of a commodity trade executed through TradeFlow. The transaction involved the purchase by a trader of a shipment of agri-commodities from an Indian producer. ...
Credit insurance and surety specialist Xenia has bought the UK whole turnover trade credit and surety business of Tysers Insurance Brokers. The transaction completed on January 11 and marks Xenia’s eighth acquisition to date and fifth in the last nine months. Xenia was formed by managing general agent Nexus Group in 2019 as part of Nexus’ ...
Mizuho Bank has hired Ashutosh Kumar as co-head of global transaction banking for Asia and Oceania. Kumar joins following a 16-year career at Standard Chartered, where he most recently served as global head of working capital solutions. Prior to this he held positions including global head of transaction banking sales, regional head transaction banking for ...
The Regional Comprehensive Economic Partnership (RCEP) will see Asian importers increasingly spurn business with the EU, US and other non-member markets, cementing the Asia Pacific region’s primacy in global trade, new UN research finds. In the report, titled A new centre of gravity, the United Nations Conference on Trade and Development (UNCTAD) forecasts that billions ...
Re/insurance giant Swiss Re has hired Deepti Khaire-Phanse as a senior underwriter for trade finance, based in London. Starting with immediate effect, she reports to the company’s head of corporate risk, Johann Leo Paul, and is responsible for underwriting trade and supply chain finance (SCF) transactions for insured clients, mainly banks. She makes the move ...