Germany’s export credit agency Euler Hermes has made a number of changes to its regional offices.

Fabrice Desnos has been promoted to head of the Asia Pacific region. Desnos joined Euler Hermes in 1996 and was most recently chief executive officer of the ECA’s UK operations.

Gerard van Kaathoven has been promoted to chief executive officer of Euler Hermes UK. He was previously chief executive officer of Euler Hermes Netherlands. Before this, he held various positions within Rabobank, including member of the executive board of De Lage Landen International and chief strategy officer of Rabo Mobiel.

Milo Bogaerts has replaced van Kaathoven as chief executive officer of Euler Hermes in the Netherlands.

Bogaerts joined Euler Hermes in 1998 before moving to Interpolis Kredietverzekeringen, a joint venture between Euler Hermes and Achmea in 2000.