Canadian firm Maple Trade Finance (MTF) has opened its new regional sales office in Vancouver, as part of its expansion plans. This new office adds to its previously established branches in Halifax, Montreal, Ottawa and Toronto.
The new base aims to allow MTF to more effectively provide manufacturers and exporters based in Vancouver and the Asia Pacific region with its various trade solutions.
Patrick Yeung has been appointed to head up the new operations, taking the role of district manager of the Asia Pacific region. He brings with him 25 years of financial and banking experience. His fluency in English, Mandarin and Cantonese is also expected to help support the company’s expansion.
“We are thrilled to have Patrick join our team and to be able to bring our services to such a vibrant market. We are proud of our accomplishments to date, and are excited about the growth and expansion of our business across Canada,” remarks Carole-Ann Miller, president of MTF.
MTF specialises in providing cash flow solutions to small and medium-sized Canadian companies, and aims to combine the financing techniques drawn from the conventional banking sector with the solutions offered by traditional factoring companies.
Particularly unique is MTF’s methods for assessing if and how much they lend to clients, basing their decision on the creditworthiness of the buyer and the transaction itself, rather than on the strict consideration of a balance sheet.
MTF also provides accounts receivable insurance to complete its trade finance solutions, and allow clients to expand their sales, while protecting their business from buyer default.