Trade credit insurer Euler Hermes has hired Melissa Dowle as director of customer strategy and Mike de Bresser as commercial director in its UK and Ireland management team. Both roles are effective from July. The director of customer strategy is a newly-created role and Dowle will manage the company’s response to the changing needs of ...| Global Trade Review (GTR)
Aon has incorporated its political risk and structured credit team into its global credit solutions practice, as the firm seeks to bring together insurance products that have historically remained separate. The broking giant announced the changes this week, part of a five-year effort to encourage greater convergence across different products to meet changing client needs. ...| Global Trade Review (GTR)
Aon has incorporated its UK surety team into its global credit solutions practice, the latest in a series of moves to encourage convergence across historically distinct products in response to shifting client needs. The announcement follows last year’s integration of Aon’s political risk and structured credit team within its global credit solutions practice, part of ...| 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)
The GTR Leaders in Trade awards highlight excellence in the trade, commodity, supply chain, export finance and fintech markets. The winners in each category are based on submissions sent to GTR. Where relevant, Best Deals signed in 2024 were referenced as further substantiation for GTR’s decisions. GTR revealed the shortlist for the Leaders in Trade ...| Global Trade Review (GTR)
Trade and commodity finance lawyer Ellis Lawson has joined global law firm Dentons as partner. Lawson moves to the firm from Sullivan & Worcester LLP, where he was a banking and finance partner in London since July 2023. Dentons says Lawson regularly acts for banks, private credit lenders, borrowers and development finance institutions. ...| Global Trade Review (GTR)
HSBC will no longer report interest income from its global trade finance unit, while continuing to disclose fee and commission revenue. The London-headquartered lender bills itself as the world’s largest trade bank and says it facilitated US$850bn in trade flows last year, making its earnings a bellwether for global trade activity. It previously included total ...| Global Trade Review (GTR)