London Forfaiting Company (LFC) has hired Vin Sing Chay to its Singapore office as part of the firm’s business expansion plan, GTR has learnt.

Sing Chay joins from HSBC Singapore, where he worked as head of forfaiting in the Asia Pacific team, responsible for business development, forfaiting and risk distribution.

In his new role, Sing Chay will work closely with general manager of LFC’s Singapore branch, Sean Aston, to develop new business opportunities and expand the forfaiting firm’s presence in Asia.

Eric Baillavoine also joins LFC in France to develop its marketing activities in the country. A spokesperson tells GTR that Baillavoine will re-open the Paris office, which closed in 2003. He will work to enhance LFC’s profile and business opportunities with European banks and exporters.