Wednesday, 4 March 2015

NEW ITFA MEMBERS

The ITFA Board is pleased to announce the following three new members.

The Access Bank UK is wholly-owned subsidiary of Access Bank Plc, a Nigerian stock exchange listed company. TABUC was established to provide customers in the UK and in Africa with a broad range of business and personal banking services. These include trade finance, treasurer services, business and personal banking together with private banking and wealth management.

Our position as Access Bank Group’s OECD operational hub supports the flow of investment into markets in Nigeria, Sub-Saharan and West Africa.

Wasiu Fatai, Head of Trade Finance, will be the main contact in relation to ITFA.

Australia and New Zealand Banking Group Ltd (ANZ) has a proud banking heritage spanning over 175 years.  It has grown to become a leading financial institution and the largest Australian Bank operating in Asia Pacific. Rated (AA-/AA-/Aa2) by the leading agencies, ANZ provides a range of banking and financial products and services to over 9 million customers, employing over 50,000 people in 33 markets around the world.

ANZ aims to be the best bank for customers that have trade or capital flows in Asia Pacific, Australia, New Zealand and beyond.

ANZ will be represented by its Singapore branch through Anthony Drechsler, Associate Director, Portfolio Management, Global Transaction Banking.

Abu Dhabi CommercialBank P.J.S.C. (ADCB) is a public joint with limited liability incorporated in the emirate of Abu Dhabi, United Arab Emirates (UAE). ADCB is a full-service commercial bank which offers a wide range of products and services such as retail banking, wealth management, private banking, corporate banking, commercial banking, cash management, trade finance, investment banking, corporate finance, foreign exchange, interest rate and currency derivatives and Islamic products, project finance and property management services through its network of 50 branches and 4 pay offices in UAE, 2 branches in India and 1 offshore branch in Jersey, 1 representative office in London, its subsidiaries and associates. ADCB is owned by the Government of Abu Dhabi through the Abu Dhabi Investment Council with a share of 59.30%. The assets as of 31-Dec-14 are AED 204 Billion. ADCB is the 4th largest bank in UAE and 3rd largest in Abu Dhabi in terms of total assets. ADCB is serving over 590,000 retail clients and approximately 49,000 wholesale clients. Its market share in terms of loans is 10.6% and deposits is 8.9%.

ADCB is rated as A-1 by Standard & Poor’s and F1 by Fitch on short term and rated A and A+ respectively on long term. ADCB have bagged various awards in 2014 across all products and won various awards especially on Trade.

ADCB provides clients with a distinct value proposition based on 3 key pillars, segmented focus, working capital solutions and market access. ADCB is a leader in Trade Finance including import and export finance, structured trade finance, documentary collections ad guarantees.

The Wholesale Banking Group (WBG) consists of industry specific coverage teams and product partners. While Government, Government related entities, Infrastructure asset, Financial institutions, Corporate and Business banking teams are part of coverage, Investment banking, Transaction Banking (Cash management and Trade finance) are product specialist supporting the client’s needs. Client service department which is part of Transaction banking is a dedicated support engine (for all operational queries) for large and strategic clients across WBG.

ADCB will be represented through Krishnakumar Duraiswamy, Senior Vice President and Head of Trade Finance.

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