Coface has begun trade receivables factoring operations in Canada through a new entity, Coface Credit Management Canada Company.
Gordon Singer has been hired to head up the new operations, bringing with him extensive experience in the factoring industry. He is moving from his previous role as senior vice president and manager of Canadian operations at GMAC-Canada in Montreal.
Christopher Short, Coface Canada country manager comments on the appointment of Singer: “His expertise and experience will ensure the success of our factoring operations. In addition, launching factoring operations in Canada accomplishes our goal of launching all four Coface business lines here. These business lines are credit insurance, commercial collections, business information, and now, factoring.”