David Sullivan, formerly of Noble Group, has formed Trade Finance Corporation Limited, based in Hong Kong.

Sullivan says: “The intention is for this boutique to develop into a fully fledged finance company with strategic tie-ups with banks.”

Sullivan is joined by ex-colleagues from MeesPierson and Noble in the venture.

The business scope is as an arranger and facilitator of structured trade/small ticket project finance deals; a strategic link between banking and non-banking investors for projects; general financial and China consultancy for companies, complete revamping of a company’s financing arrangements, arranger of short-term credit lines, financial representative, including start-up operations; strategic consultant for banks doing business in China and structured trade finance; laying off risk of exporters bringing goods and/or equipment into Asia Pacific.

The new firm has also signed a memorandum of understanding with EuroFin Asia, the new company set up by Christian Stauffer, an ex-Noble colleague based in Singapore, “which is complimentary to our core focus of north Asia, especially China,” comments Sullivan, and with Trade Line Ltd insurance brokers, headed up by Jeremy Hampshire, also from Noble