Trade finance news

GTR Trade Finance eNews - On The Move July 2009

July 31, 2009

Barclays Commercial reveals new cash and trade structure

Barclays Commercial has reorganised its cash and trade business, bringing together the UK and international cash and trade teams into one unit.

July 29, 2009

ECGD's advisory council appoints new chairman

Trade minister Mervyn Davies has announced the appointment of a new chairman and four new members of the Export Guarantees Advisory Council (EGAC).

July 28, 2009

Deutsche names Americas GTB head

Deutsche Bank has appointed Rick Striano as director and regional product head, trade and financial supply chain, Americas.

July 28, 2009

South Africa names new central bank chief

South Africa's president Jacob Zuma has appointed Gill Marcus, chairwoman of Absa Group, as the new governor of the South African Reserve Bank.

July 23, 2009

Barclays reveals new global head of trade

Vivek Ramachandran has taken over from Angela Potter as head of global cash and trade at Barclays.

July 23, 2009

Canada's EDC and Maple Trade Finance partner up

Export Development Canada (EDC) and fellow Canadian firm Maple Trade Finance have joined forces and launched a new product designed to support small-and-medium-sized manufacturers and exporters across Canada.

July 21, 2009

Sace acquires stake in ATI

The Italian export credit agency Sace has completed a US$10mn investment in the African Trade Insurance Agency (ATI).

July 16, 2009

RBS reveals new GTS team structure

The Royal Bank of Scotland has launched a new strategy for its global transaction services (GTS) division.

July 15, 2009

Calyon expands Asia loan syndication coverage

Dale Summerville, head of CEEMEA with Calyon global loan syndication group (GLSG), is transferring to Singapore.

July 14, 2009

Norton Rose moves Paris partner to China

Norton Rose has relocated a senior Paris partner to China in a bid to meet increased demand for advice from Chinese banks.

July 14, 2009

HSBC appoints global head of guarantees

HSBC has appointed Amita Jhangiani as global head of guarantees, trade and supply chain.

July 13, 2009

HSBC appoints Middle East banking head

HSBC Bank Middle East has appointed Simon Vaughan Johnson as regional head of commercial banking.

July 13, 2009

US Ex-Im appoints key executives to management team

Four key executives have been named to the senior management team of the US Ex-Im.

July 07, 2009

European-Russian Bank appoints head of trade finance

The European-Russian Bank (ERB) has appointed Ilghiz Fazylov as head of business development and trade finance.

July 03, 2009

UniCredit reorganises Asian business lines

UniCredit has reassigned roles within its project finance and structured commodity finance departments in Singapore and Hong Kong.

July 02, 2009

BTA Bank appoints new legal advisor

Kazakhstan’s BTA Bank has appointed Lovells to provide legal advice on asset recovery.

July 02, 2009

SG launches Asia Pacific global capital markets platform

Société Générale Corporate & Investment Banking is set to launch a global capital markets (GCM) platform in Asia Pacific.

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