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Mizuho Bank has appointed Tim Lamey as its head of export and structured finance, Emea.

Based in London, Lamey will report to Motoo Matsumoto, head of Mizuho’s global finance department for Emea. In his new role, which he started last week, Lamey tells GTR he will continue Mizuho’s work to broaden its exporter and borrower relationships and expand the bank’s ECA business across the Emea region, especially Europe.

“Mizuho has been involved in the European ECA space for about four of five years, so it’s a fairly comparatively new part of the business,” Lamey says. “The intention is to work on building that European ECA business up – both in terms of ECA business, and in terms of support of exporting and contracting clients, and of borrowing and project sponsor clients as well.”

Lamey has worked in export finance for more than 25 years. He joins Mizuho from BNP Paribas, where he has held various export finance roles over the past 15 years. Most recently he was based in Singapore as BNP Paribas’s head of export finance for Asia Pacific.

“There are obviously some obstacles at the moment in the market,” Lamey adds. “The transaction pipeline is probably not at the level it has been in the previous two-to-five-year period, partly due to the low oil and gas and commodity prices, partly I think due to the China slowdown and various political uncertainties. But I do still see opportunities to look at building the pipeline back up.”