Trade finance fintech CCRManager has appointed Albert Lim as chief representative of credit insurance as it expands its capabilities.
He joins from Swiss Re Corporate Solutions, where he was most recently head of the credit and surety hub in Asia Pacific. He also spent seven years at Standard Chartered Bank where he was the head of trade credit insurance, liability and RWA management of transaction banking and was instrumental in setting up the group distribution and syndication function in Singapore. Prior to this, he spent seven years at QBE Insurance International where he was regionally responsible for the overall development and strategic growth of the business in Asia.
Launched in 2017, CCRManager is a global digital platform for the secondary trading of trade finance obligations, backed by the Monetary Authority of Singapore through its Financial Sector Development Fund. It provides a secure enterprise platform with industry-designed tools that facilitate the buying and selling of trade assets, and the sourcing of quotes for trade finance and credit instruments among financial institutions. A successful funding round last year drove its expansion, and today the platform comprises almost 100 financial institution members from 32 countries.
Speaking on his appointment, Lim says: “Trade credit and political risk insurance are an integral part of the financial ecosystem. I am pleased to be able to contribute to the growth and evolution of CCRManager’s value proposition and to be able to harness the full potential of CCRManager’s capabilities to serve the needs of the global financial institutions community more effectively.”
Tan Kah Chye, chairman and founder of CCRManager, adds: “Albert is a great addition to our team and reflects CCRManager’s continuing investment in our product capabilities. I am confident that his extensive experience in banking, credit and political risk insurance, international trade finance and structured trade will be invaluable as we continue to grow our services for our client institutions.”