Sector - Trade Services, Supply Chain & Technology
Concerns over supply chain risks soar
Supply chain risks are moving up the agenda of many corporates as concerns about potential geopolitical problems and counterparty risks grow.
Managing both the physical and financial supply chain was a key topic at the annual World Economic Forum meeting in Davos, Switzerland last week, as delegates debated how companies can better cope with the unexpected, citing examples such as last year’s Japan nuclear crisis and the increasing level of piracy seen off the coast of Africa.
Swift reveals documentary trade fall in 2011
The use of documentary trade instruments such as letters of credit fell by just over 2% in 2011 compared to the previous year, according to the latest Swift statistics.
PrimeRevenue appoints SCF exec
PrimeRevenue has appointed Oliver Belin as business development executive at its Europe office.
Labbat joins JP Morgan
Lillian Labbat has joined JP Morgan as managing director in its treasury services team.
ICC predicts gloomy outlook for trade
The demand for trade finance products will wane in 2012, according to research by the International Chamber of Commerce and the International Monetary Fund.
The research is based on a joint ICC-IMF survey among 337 financial institutions which indicated the emergence of a two-speed financial system with the outlook for emerging Asia being the strongest, and the eurozone lagging behind as the weakest.
BBVA's Shaw moves to New York
BBVA’s global head of transactional trade finance, Nick Shaw, has transferred to the bank’s New York branch.
Barclays hires new Mena trade head
Barclays Corporate has hired Kersi Patel as its new head of trade and working capital in the Middle East.
InvestBank opens TF subsidiary
Sharjah-based InvestBank has opened a second subsidiary bank, Al Imdad to specialise in trade financing and supply chain logistics for traders and manufacturers.
JP Morgan sells off Vastera
Shipping logistics firm Livingston International has acquired the customs and trade compliance services of JP Morgan’s global trade business, formerly known as Vastera.
London set to become Rmb trading centre
London is set to become an offshore trading centre for Rmb after chancellor George Osborne signed a deal with the Hong Kong Monetary Authority this week.
Citi introduces Rmb service
Citi’s global transaction services has launched an Rmb trade settlement service in Sri Lanka.
Leaders in trade results 2011
GTR is happy to announce the results of its annual Leaders in Trade 2011 readers’ poll.
Over 6,000 votes have been casted during the last month for banks, financial institutions, insurers and brokers.
The awards aim to highlight achievements in specific geographical regions and particular product lines.
SCF: Taking the next step
As supply chain finance programmes grow in size, scale and geographic coverage, banks are looking for ways to diversify risks and attract additional liquidity. Liz Salecka reports.
SunGard survey reveals treasurer priorities
A study conducted by SunGard reveals that the role of corporate treasurer has transformed over the past few years due to changes in the global economy.
BNY Mellon creates new treasury team
BNY Mellon has established a new treasury services sales team led by Emea sales manager Colin Robertson.
