There have been a few changes within the trade finance division of Garantibank International NV in Amsterdam. Mehmet Saydam, who was heading the structured trade finance department, has left the bank for Rabobank International.

Sema Zeyneloglu, existing head of forfaiting, has taken over Saydam’s responsibilities, therefore now heading both departments with an expanded team. “We will continue to grow both activities in 2004 as already planned and budgeted,” she says.