New ITFA Members

It is with immense pleasure that ITFA announces the following new members.

Incorporated in 1968, the National Bank of Abu Dhabi (NBAD) offers a range of banking services which include retail, investment and Islamic banking services. With over 125 branches and nearly 585 ATMs across the country, NBAD is one of the largest networks in UAE, as well as having the largest international network, having 60 branches and being present in 18 different countries, all over the 5 continents. Since 1977 it has been represented in London.  Apart from forming a key element of the Banks International Division, the London office has also acted as a hub for the bank's regional activities in Europe.  In terms of credit ratings NBAD's global ratings are Aa3 from Moody's, AA- from Standard & Poor's (S&P) and AA- from Fitch.  NBAD will be represented as Main Delegate on the ITFA by its London Office, through Jeff Fallon, who is the Executive Director GTB Head Europe & Americas.

Orient Trade Finance Consultants Ltd (OTFC) was registered in Hong Kong in January 2012, and started operated its Shanghai branch the following May.  OTFC provides a wide range of finance solutions targeted towards the traditional documentary credits and guarantees, as well as catering for other trade related products in the global market, such as pre-shipment finance, import finance, transfer L/C finance, forfaiting, receivables financing, inventory financing and leasing finance.  Its founder, William Xu, who is a trade finance banker with over 25 years of experience, will be the main delegate for all matters related to ITFA.

Wilben Trade Limited (WTL) is a principal trader involved in the buying and selling of a broad spectrum of commodities and industrial goods. In addition to its daily trading activities, the group is also actively involved in sourcing and arranging trade finance for its customers. Through its international network, the company provides tailor made solutions to buyers, suppliers and financial institutions by offering solution-orientated trade finance structures including the forfaiting of receivables. Since starting their operations in 2014 the group has arranged and participated in almost $400m of transactions. The company is headquartered in the United Arab Emirates and has subsidiaries in Singapore and Hong Kong. WTL will be represented by it's Chief Executive Officer, Marcus Wade.

Please join us in welcoming these new members on board.