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Angus Armour has been appointed managing director of <

  • xml:namespace prefix = st1 />Australia’s Export Finance and Insurance Corporation (Efic).

    Armour is general manager of Efic’s Export Finance Group. He has previously worked at

    the World Bank’s International Finance Corporation and Canada’s Export Development Corporation (EDC) and starts his new job on October 31.

    Armour’s appointment follows the announced sale of Efic’s short-term export

    credit insurance business to Gerling NCM, scheduled for end of September.

    The outgoing managing director is Ewen Waterman, who has held the position since 2001.