Citi has named Marek Potoma as its new head of global trade sales, effective immediately, according to an internal memo seen by GTR. Potoma is a Citi veteran, having joined the bank in 1997. Over nearly three decades, he has held a range of senior roles across the Middle East, Africa and Central and Eastern ...| Global Trade Review (GTR)
The World Bank has agreed to guarantee funding to Banco do Brasil, enabling the bank to offer up to US$700mn in trade finance to MSMEs. The Multilateral Investment Guarantee Agency (Miga), an arm of the World Bank, will provide a 95% guarantee on a three-year loan provided to Banco do Brasil by BBVA and ...| Global Trade Review (GTR)
Standard Chartered has named Christophe Baumann as head of transaction banking corporate trade sales for Europe and the UK, a newly created role. Baumann (pictured) is tasked with leading the trade sales team in Europe and will “further grow Standard Chartered’s trade finance business with UK, Swiss, Turkish and continental Europe corporate clients, as well ...| Global Trade Review (GTR)
Three more banks have announced their support for the International Chamber of Commerce (ICC)'s Principles for Sustainable Trade Finance.| Global Trade Review (GTR)