Barclays has appointed Eugenio Cavenaghi as director for trade and working capital product management, Europe, starting August 1, 2012.
Based in Frankfurt, Cavenaghi will be responsible for trade finance business in Germany, Italy and France, as well as product management activities across Europe. He will report to Baihas Baghdadi, head of trade and working capital for Emea, and Ray Zabarte, global head of trade and working capital product management.
Cavenaghi joins Barclays from UniCredit, where he was global head of trade product development and sales facilitation for the past two years. Before that, he worked as global product manager in the trade and cash division at Deutsche Bank.
Baghdadi comments on the appointment: “Growing our trade and working capital capabilities is key to our long-term corporate banking strategy and Eugenio’s appointment further builds on our aim of enhancing our presence in the European market by delivering best in class financial product solutions to suit our clients’ business needs.”