Trade finance digitisation platform Bolero has opened an office in Shanghai.
The company has also announced Neil Johnson as head of business development for Southeast Asia, as it continues its efforts to grow its Asian business. He will be based in Singapore.
The Shanghai office will manage relationships with Bolero’s key clients in Mainland China, including Bank of China and Huaxia Bank. In a release, the company says it recently facilitated a letter of credit transaction involving Bank of China, BHP Billiton and Angang Steel.
The office will be managed by Ross Wilkinson, currently head of Bolero’s Hong Kong operations. He will continue in this role, as well as his responsibilities in Australia and India.
Ian Kerr, Bolero’s CEO, says: “Neil Johnson’s appointment, the key role that Ross is playing and our growth in Asia in general, is about getting the right resources on board and focussing on the right places.
“Neil’s appointment will complement our team in Singapore and enable us to focus resources in Hong Kong on key initiatives. These two locations will be working together very closely and with our new office in Shanghai on a complementary basis.”