Claudia Haas has joined TrustBills, the auction platform for trade receivables, as senior vice-president of client solutions, responsible for its growth strategy with corporates and institutional investors.

She makes the move from Marsh, where she was head of alternative solutions. Haas previously served almost 20 years at Coface, where, as director and marketing manager for the Northern Europe division, she pioneered innovations within the credit insurance and factoring portfolio.

“Claudia is one of the most consummate professionals in risk hedging and credit rating,” says TrustBills CEO Jörg Hörster. “Our customers will benefit enormously from her expertise. Her impressive track record in developing distribution channels will significantly accelerate the expansion of TrustBills among corporates and institutional investors.”

Haas comments on her new role: “Via TrustBills, institutional investors have direct access to the asset class trade receivables for the first time. This will fundamentally change the trade finance market. I am looking forward to finding lean solutions to complex requirements.”

Markus Wohlgeschaffen, who joined the company from UniCredit in 2016, has switched roles – he is now also SVP of client solutions, responsible for TrustBills’ European expansion strategy. He was previously SVP of corporate solutions.

TrustBills now counts two German banks as shareholders: DZ Bank holds 25% of the shares and Deutsche Bank 12.5%.