Tinubu Square, a trade finance software provider, has announced a restructuring of its global leadership following a €53mn cash injection from Long Arc Capital and Bpifrance.

Company co-founder Olivier Placca has been appointed deputy CEO, taking over day-to-day running of the firm. He adopts these extra responsibilities having been the company’s deputy general for the past six years.

“Olivier Placca has been at my side since we created Tinubu Square in 2000,” says Jérôme Pezé, the firm’s president. “His new appointment is a logical evolution and confirms his leadership and involvement in the growth of Tinubu Square during the coming years.”

Bijan Olfati leaves his role as area vice-president, North America at Oracle Financial Services to become Tinubu Square’s group executive vice-president of business development.

Pezé welcomes Olfati’s appointment, saying: “His experience will allow us to stamp our mark on the international markets.”

Pezé and Olfati move from France to Canada and the US respectively, and Placca remains at the company’s headquarters in Issy-les-Moulineaux near Paris.