Region - Global
Amber Road opens Munich HQ
Global trade management solution provider Amber Road has opened an office in Munich.
Puma Energy renews RCF
Puma Energy has renewed its committed revolving credit facility (RCF) to the tune of US$449mn.
Armajaro wins oversubscribed RCF
Armajaro Trading has signed a US$117.5m-equivalent revolving credit facility led by BNP Paribas and StanChart.
Brough leaves UniCredit
Charles Brough has left UniCredit to focus on his business, Worldwide Trade Consultancy.
IFC backs payments infrastructure
Cross-border payments service provider Earthport will receive a US$10mn investment from the IFC.
DF Group set to launch TF fund
DF Deutsche Forfait will launch its first trade finance fund before the end of Q2.
Trafigura names TF head
Stephan Jansma will join Trafigura in August as its group head of structured and trade finance.
Huge jump in SCF market
A new survey shows that supply chain finance (SCF) is growing at 30 to 40% .
China banks behind on commodities
Chinese banks won’t provide competition to the dominant western banks in the commodity finance space for “three to five years”.
A panel at Exporta’s Europe Trade & Supply Chain Finance Conference in Hamburg said the banks are currently interested in supporting the flow of commodities into China, but are not yet serious competition to the likes of Deutsche Bank, ING and Société Générale.
Agri promotion at ABN Amro
Suzanne Larsson-Nivard has been appointed global head of agri-commodities at ABN Amro.
Scepticism over trader house rules
The news that commodities trading houses may face sterner regulation has been met with scepticism in the industry.
Earlier in May, the Financial Stability Board (FSB) established by the G-20 to tighten up global financial regulation, suggested that regional and national regulators explore whether traders should be more tightly-governed.
Roberts returns to Citi
Stuart Roberts has joined Citi as the global head of trade sales.
Corporates slow to embrace BPO
There has been a muted response among corporates to the idea of using the bank payment obligation (BPO).
Fimbank appoints Marnell
Fimbank has appointed Michael Marnell as senior vice-president, head of SCTF.
Robinson signs on at HSBC
Ex-RBS Emea trade sales head Louis Robinson has joined HSBC as global head of trade sales for key account clients.
