Nedbank Corporate and Investment Banking (NCIB) has named Michael Creighton as its head of export credit finance.
Creighton makes the move to the bank from Sace, where he was the Italian export credit agency’s head of Africa. He also served as executive director at Credit Underwriting Agency (CUAL) and, until recently, was the chairperson of the African Trade Insurance Agency’s (ATI) finance and audit committee. He was appointed a board member of ATI in 2010.
“We were patient in filling this role to ensure that we attained the best positioned talent and someone who is wholly understanding of the market we serve,” says Philna Munnik, head of commodity, export and structured asset finance at NCIB. “We believe that Michael will fulfil his mandate notwithstanding the squeeze in credit in the current anaemic economic climate and weak commodity cycle, and that there remains a demand for export credit on the African continent, and even globally.”