Category: Financial Services

Unique opportunity for change

COVID-19 is proving a catalyst for change in the energy sector, accelerating environmental initiatives. Citi explores how banks have an important role to play in supporting clients Environmental considerations are not new in the energy industry. However, we are now at a tipping point, with the industry increasing funding in, or launching, business models which could transform the energy sector.  In Citi’s view, there is no going back: with respect

TT Club Underlines its Commitment to the Middle East Market

TT Club has appointed Abdul Fahl to take up the role of TTMS (Gulf) Director. The move follows the return to London from Dubai of Julien Horn who will continue in the position of Portfolio Underwriter for the Middle East, Eastern Med and African region and reiterates the TT’s long-standing commitment to provide insurance solutions and unique support for its regional Membership and brokers. The TT Club is committed to

Mark Stokes of United Trust Bank

Mark Stokes joins United Trust Bank as Chief Commercial Officer

Mark Stokes, formerly Managing Director – Commercial Banking at Metro Bank, has joined United Trust Bank in the newly created role of Chief Commercial Officer. Mark has over 20 years’ experience at executive committee level working with several established and challenger banks including Metro Bank, Lloyds Bank, RBS, Black Horse, and Chartered Trust. Under his leadership, Metro Bank’s commercial business balance sheet grew from £1.2bn to £3.5bn in the four years


UKEF publishes its 2019-20 results and new Business Plan

UKEF publishes its 2019-20 results and new Business Plan. UK Government provided £4.4 billion in support for exporters across the country UK Export Finance (UKEF) has published its results for 2019 to 2020, revealing it provided £4.4 billion in support for UK exports, helping UK companies trade with 69 countries. UKEF supported 339 companies in 2019-20, up 29% on the previous year, with a sharp increase in companies in supply

Teignbridge Propellers

Game-changing contract with UKEF

Teignbridge Propellers International, a word-leading manufacturer of propellers and stern gear, has won an export contract in Bangladesh worth more than £400,000 thanks to support from UK Export Finance, the UK’s export credit agency. The largest manufacturer of its kind in Europe, Teignbridge Propellers has seen phenomenal growth in the last 45 years, becoming a brand leader in propeller and propulsion equipment. Today, it exports around 80% of its products


UK Export Finance boost critical infrastructure projects in Africa

Financial support from UK Export Finance worth over a half a billion pounds unlocks deals in Ghana, Zambia, Gabon and Uganda for UK exporters. Support has led to UK contracts for six national infrastructure projects across Africa. Businesses supported come from across the UK and from a range of sectors. The International Trade Secretary, Liz Truss, announced today at the UK-Africa Investment Summit that UK Export Finance (UKEF) has provided


Optimising Export Finance efficiency with the addition of Credit Insurance

Fineon Exchange (Fineon), the go-to online marketplace platform for export finance, today announced the appointment of Aon Credit Solutions (Aon), the industry leader in credit insurance broking and credit management services, as credit insurance broker and advisor for its recently launched Export Finance Platform. The initiative also includes a strategic collaboration with Aon to offer enhanced automated delivery of credit solutions. Adding Aon’s credit insurance expertise to the Fineon Export Finance Platform


BNY Mellon and KeyBank expand their trade processing services relationship

BNY Mellon today announced a significant expansion of its existing trade finance processing services relationship with KeyBank by implementing an enhanced and updated model that will offer a more robust client experience for KeyBank’s trade finance clients, while aiming to increase the efficiency of service delivery. Under this expanded arrangement, and subject to the execution of an amended service agreement, BNY Mellon will take on certain direct client service functions


Trade Finance Advisors and Fineon Exchange form strategic partnership

Optimising cross-border trade finance in Italy and growing exports to emerging and developing marketsTrade Finance Advisors (TFA), the leaders in Italian trade finance brokerage services, is pleased to announce the selection of the Fineon Exchange export finance marketplace platform, the go-to online marketplace platform for export finance, as its strategic partner. The trade finance industry, and the export finance sector, has long faced challenges around deal origination, workflow standardisation and


Deutsche Bank Whitepaper: Supply chain stability and sustainability

Deutsche Bank has released a comprehensive new publication, “Payables finance: A guide to working capital optimisation, 2nd edition”, revising and updating the original paper released almost two years ago at the beginning of 2018. The paper continues the ongoing work of defining and codifying the payables finance industry as it evolves, shifting priorities and practices in the process. Headline updates include an examination of how businesses are looking to payables