New IFA board appointments announced

David Lilley, head of forfaiting, global trade finance at SMBC has been elected to the position of chairman of the board of the Northern European regional committee of the International Forfaiting Association (IFA). It is Lilley's first position held within the IFA.

He is taking over from the board's previous chairman, Geoff Sharp, managing director, head of forfaiting, western hemisphere at HSBC. Sharp is resigning from his role as chairman but will remain on the board.

Tim Everitt from Landesbank Baden-Wuerttemberg is also joing the IFA board. Tony Knight from London Forfaiting Company has announced his retirement from the board, with effect from the end of December 2007.

The new board now consists of Lilley as chairman, along with David Locking from Standard Bank, Renato Schulman from Banco Finantia, Geoff Sharp from HSBC, Paul Jennings from ABC International Bank and Tim Everitt from Landesbank Baden.

One of the first initiatives taken by the newly reorganised board is to hold a seminar in February discussing the introduction of the new primary market guide document. (Click here to read more about the IFA's annual conference in GTR November/December 2007)