Geoff Sharp_on the move

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Bank ABC has hired Geoff Sharp as first vice-president, global transaction banking.

In his new role, Sharp will focus on developing cross border trade business, particularly within the financial institutions sector, combined with portfolio risk management complimenting the existing Bank ABC global trade finance proposition. His goal, he says, is “leading Bank ABC into new markets, combined with underwriting and syndication of larger-ticket deals.”

Sharp started on August 3, joining from HSBC, where he had been working since 2005 as head of forfaiting first, and, most recently, as managing director, global banking, export credit and specialised finance.

He tells GTR he joined Bank ABC for “the opportunity to work within a niche trade finance bank with global expansion plans and a strong existing business franchise and reputation within home markets.”

“In my experience, specialist trade finance banks have not always fully exploited industrialisation of the trade finance business approach or models within some other organisations and I consider Bank ABC to be extremely well placed to benefit from a focus and responsiveness typically attached to an exclusively trade finance banking organisation,” he says.

Sharp has over 30 years experience in the industry: he had also been head of forfaiting at Germany’s WestLB, where he stayed for seven years before joining HSBC, and worked at ANZ.

Sharp’s appointment at Bank ABC is yet one more change for the bank, which recently changed its name from Arab Banking Corporation, and appointed a new CEO in February – former group head of trade finance Paul Jennings.