Former UniCredit trade head Markus Wohlgeschaffen has joined receivables auction platform TrustBills as senior vice-president and head of product management.
Wohlgeschaffen brings with him more than 30 years of international experience in trade finance, which he gained in various management functions at UniCredit and its predecessor institutions in Germany and abroad. Until recently he served as the bank’s global head of trade products.
Amongst other positions in the industry, he was the chairman of Baft’s Global Trade Industry Council (GTIC) as well as member of the advisory board of the ICC Banking Commission, the Board of Trustees of the Fraunhofer Institute for Material Flow and Logistics in Dortmund, the Swift Corporate Advisory Group (CAG), and is still active in the World Trade Board.
“I’m very much looking forward to bringing my experience and my pioneering spirit to a highly-efficient corporate structure with a growing team of experienced and ambitious experts. Together we will implement in the trade area state-of-the-art pioneering product solutions based on the latest technology for companies, banks and investors,” says Wohlgeschaffen, commenting on his start at TrustBills.
TrustBills is an electronic marketplace for selling international receivables to international institutional investors. Its goal is to become an international receivables exchange for companies of all sizes with the participation of top global banks. In May, DZ Bank acquired a 25% of its shares.