Fabien Conderanne is expected to leave his role as CEO of Coface Singapore, GTR understands.
Numerous well-placed sources in the trade credit insurance market have confirmed that Conderanne will leave his role soon. Last week, a Coface spokesperson confirmed the rumours, but no statement or comment was forthcoming.
In a follow-up conversation, Leo Chak, regional vice-president of marketing and communications at the insurer said that Conderanne is still in situ in the Singapore office and for now at least, remains CEO of the organisation there. He refused to comment on any speculation, stating that there has been no external communication issued on the reports.
GTR has been told that there was an internal memo circulated confirming Conderanne’s departure a number of weeks ago, while headhunters are said to be already working on finding his replacement.
Conderanne also heads up the insurer’s structured trade credit and political risk insurance business in Asia Pacific. He has been with the organisation since graduating from the HEC School of Management in 2001, holding a number of roles in Paris and Singapore.
He assumed his most recent role in November 2012.
*Note: this story has been updated to include clarification from Coface that Fabien Conderanne is still in situ in his role as CEO Singapore, Coface. The headline has been updated from “Fabien Conderanne departs Coface Singapore”, while comments from Leo Chak have also been included, after additional conversations with Coface staff.