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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, ...
Miami-headquartered fintech company Calculum has launched a new data-as-a-service (DaaS) platform that aims to help companies negotiate better payment terms with trading partners and boost their cash flow. Powered by artificial intelligence (AI) and machine learning, the platform analyses various aspects of a company’s buying counterparty or supplier, before providing insights on how the firm ...
The International Finance Corporation (IFC), Citi and multinational food company McCormick have rolled out a new programme offering environmental and sustainability-linked financing incentives to McCormick’s herb and spice suppliers. The programme has been launched in Indonesia and Vietnam, where suppliers will qualify for discounted rates on their short-term working capital financing when they meet sustainability ...
Regional growth in goods trade has been more varied than ever before amid the recovery from the pandemic, according to a World Trade Organization (WTO) report. The East – steered by China – is dominating the global rebound, while Western powers lag behind. It has been clear for the last 12 months that East Asian ...