UniCredit banker Irene Port is moving back to Munich to take up the position of head of trade risk management starting March 1, GTR is able to reveal.

She will be replacing Silja Calac, who left UniCredit last year.

Port is succeeded in her role by Yeo Siow Chin, who joins from Crédit Agricole where she was head of trade finance Hong Kong responsible for product development, origination, and secondary market activities: “Siow Chin brings with her more than 20 years of broad and diverse banking experience across both corporate and institutional client segments. I am very pleased to be succeeded by someone with such a long and considerable experience in trade finance,” says Port.

Before moving to Hong Kong, Port was working in Munich in trade risk management in the forfaiting financial institutions and secondary market business within UniCredit’s global transaction banking division.