Sector - Factoring & Forfaiting
Crédit Agricole’s forfaiting head retires
Patrice Tournus, Crédit Agricole CIB’s global head of forfaiting, has retired after 25 years of working in the industry.
Factoring services are in high demand
Since the global financial crisis there been an increased awareness in factoring products and their ability to finance domestic and international trade, according to Malta’s FimBank.
Atlantic Forfaiting appoints new CEO
After 40 years in the market Peter Dornauer has retired from his position as CEO at Atlantic Forfaiting Company, based in Zurich.
Fimbank forms Brazilian factoring JV
Malta-based Fimbank along with the IFC and Bicbanco have launched a factoring company for Brazilian corporates and small and medium enterprises.
LFC hires trading manager
London Forfaiting Company has appointed Colin Stone as senior manager in its London trading team.
Wrapped up in regulation
Navigating through the new regulatory environment was the main talking point of the annual IFA conference held in Vienna this year. Rebecca Spong reports.
Delta Trade Finance hits the rocks
Boutique China-focused factoring firm Delta Trade Finance has run into challenges, with some sources claiming the firm has stopped trading all together.
Bibby opens New Zealand office
Bibby Financial Services has set up its first office in New Zealand.
Bank of China opens first overseas forfaiting unit
Bank of China has set up a forfaiting and commodities finance unit in Singapore to boost its trade finance services in Asia Pacific.
Barbados launches factoring programme
The Barbados government has launched a BDS$15mn trade receivables liquidity facility to speed up payments to government contractors.
India Factoring appoints board director
India Factoring and Finance Solutions has hired RS Reddy as an independent director on its board.
StanChart hires factoring veteran
Marius Savin has joined Standard Chartered following the top level shakeup at his previous company Egypt Factors.
Bibby hires factoring veteran
Bibby Financial Services is strengthening its export factoring division with the appointment of Unni Henning as managing director.
Forfaiters face an uncertain future
GTR garners the views of those active in the forfaiting and trade finance market, finding that uncertainty over regulations and the eurozone crisis are key concerns.
Unicredit banker sets sail
Unicredit banker Irene Port is leaving her role in Munich to take up a new position within the bank in Hong Kong.
Port currently works in trade risk management in the forfaiting financial...
