Trade and supply chain finance platform Finverity has hired Oliver Petersen as its chief commercial officer as it looks to expand further.
Petersen joins the firm after spending more than two decades at ING, where his most recent roles were global head of trade advisory and structuring and, before that, global head of supply chain finance.
Other roles he held at the bank include director of structured finance for ING’s telecom, media and technology sector team.
Finverity said it aimed to “drive its continued expansion” with Petersen’s appointment, building on the firm’s “280% year-on-year growth” over the previous 12 months and its expansion into new geographies and product offerings.
For the previous 14 years, Petersen has focused on helping clients optimise their working capital and cash flows, Finverity said. He also helped grow ING’s trade franchise and expand the geographic scope of its trade and supply chain finance solutions.
Viacheslav Oganezov, chief executive and co-founder of Finverity, said: “Oliver’s appointment as CCO will strengthen Finverity’s commercial reach globally, with a particular focus on the European market, where Oliver has spent over two decades building relationships with banks, corporates and financial institutions.
“Oliver’s hire highlights Finverity’s commitment to building on our leading position in supply chain finance in the Gulf Cooperation Council and Africa and further scaling across some of the largest supply chain finance markets.”
Oganezov also flagged the recent hire of Phillip Hancock as senior advisor to lead Finverity’s expansion into the US.
Petersen added: “I’ve spent 24 years inside banks watching the same challenges repeat: fragmented systems, slow onboarding, programmes that can’t scale across products or geographies.”
He said that the fintech’s supply chain finance platform FinverityOS had attracted him to the role, particularly its security and compliance capabilities.
“That’s something the industry doesn’t talk about enough, but it’s often the deciding factor,” he said.
“The opportunity to bring this platform to more banks and corporates across Europe and beyond is what brought me here.”
