Jacob Atkins

Swiss Re has promoted Toby Marshall to global head of sovereign credit and political risk insurance.   Marshall has been a senior trade credit and political risk underwriter at the re/insurer since April 2020.  In the new role, he will remain based in London and deal with Swiss Re Corporate Solutions clients such as multilateral…

US banks have steadily lost ground in the Asian corporate trade finance market, new research suggests, in a shift driven by the impact of Washington’s tariffs on China and local lenders boosting their capabilities.  The share of Asia-headquartered corporates saying they use a US bank for trade finance fell from 31% to 23% between 2017…

Point Bonita Capital, a fund belonging to investment bank Jefferies’ trade finance arm, has US$715mn in exposure to receivables of collapsed US auto parts supplier First Brands.  The exposure represents around a quarter of the US$3bn in trade finance assets managed by the fund, a division of Jefferies unit Leucadia Asset Management, Jefferies said in…

Denmark’s export credit agency has guaranteed a Barclays loan to GeoPura, a UK-based company aiming to produce green hydrogen “at scale”.   The Export and Investment Fund of Denmark (EIFO) is covering £16.5mn of a £27mn loan provided by Barclays to GeoPura, which has developed a production facility in England that is set to begin…

India’s Kotak Mahindra Bank has appointed Megha Chopra as head of trade, a new role combining sales and product.   Chopra made the move to Kotak Mahindra’s wholesale, commercial and consumer bank from Citi, where she was a managing director and global head of the trade client desk, and previously head of trade and working…

Speciality re/insurer Canopius has hired Swiss Re’s Norm Kimber as a credit and political risk underwriter.   Kimber will begin the role from January 1 next year and remains based in London, reporting to Patrick Sheriff, Canopius’ head of credit and political risk.   Canopius says Kimber “will play a key role in strengthening the credit and…

Enigio has brought in digital trade and working capital specialist Merisa Lee Gimpel as a consultant, to help drive adoption of the fintech’s flagship product.   Gimpel founded consultancy Digital Trade Works earlier this year after departing as Revolut’s first head of supply chain finance.   Under the arrangement, Gimpel tells GTR she will lead Enigio’s product…

Fresh disclosures of supply chain finance (SCF) arrangements suggest some US companies are stretching payment terms “later and later”, Moody’s has warned, heightening risks to investors if a financing programme is withdrawn.   Since late 2023 companies have been required to add “roll forward” data to their disclosures of supplier finance arrangements in financial statements,…

Cristina Schulze-Bergmann has been elected as the next director of Swiss Export Risk Insurance (Serv).  The former banker will take the reins on April 1, next year from Peter Gisler, who has led the agency since early 2017.   Schulze-Bergmann has held transaction banking and corporate banking roles at lenders including RBS and Deutsche Bank,…

John Jovanovic has promised a “bold new era” after the US Senate voted to confirm him as the next president and chairman of the Export-Import Bank of the United States (US Exim).  Fifty-one senators backed Jovanovic, who President Donald Trump nominated to lead the agency in March, while 47 voted against. The September 18 vote…