Jeramie Maxwell, former senior banker at Wells Fargo, has set up Impello Global, a trade finance advisory boutique, headquartered in Seattle, Washington.

The firm specialises in trade credit and political risk insurance and provides advisory services to companies and banks looking to expand their global trade capabilities.

Maxwell was a senior vice-president in Wells Fargo’s structured finance team for eight years before leaving the bank in August to set up the advisory. At Wells Fargo, he was responsible for all structured finance business across the west and mountain regions of the US, including managing the bank’s programmes for US Exim working capital guarantees and overseas private investment corporation.

Maxwell tells GTR that his goal is to provide clients with a one-stop solution for their trade finance needs.

“In my experience, our industry has a tendency to segment by products, requiring clients to work with several parties to determine the best solution for their business. We provide an overview of the options available, help our clients determine the best fit, and then implement that decision,” he says.

Impello Global will also help banks expand their trade and other cross-border finance offerings without having to hire additional staff or build an internal team. “With limited supply of trade finance bankers in the market, it is difficult and costly for our clients to find and retain high-level talent,” he adds.