Yonca Sarp has replaced Muzaffer Aksoy as representative at London Forfaiting Company’s Istanbul office. Aksoy has joined ABC International as its Istanbul representative.

LFC has been an active participant in the Turkish market for many years. “I believe I can build upon the work started by Muzaffer and take the business forward to a new dimension in the future,” comments Sarp. “In addition to LFC’s main products (discount of deferred or acceptance letters of credit, discount of promissory notes, post financing of sight letters of credit, silent confirmations), as part of a banking group (FIMBank), LFC is now also able to provide back-to-back letters of credit, warehouse financing, FCR financing, receivable financing and factoring services.”