Thursday, 3 September 2015


The ITFA Board is pleased to announce the following four new members to its fast growing family.

The Saudi British Bank (SABB), a Saudi joint stock company was established in 1978 and is an associate of the HSBC Group. The Bank commenced its activities with the taking over of the operations of The British Bank of the Middle East branches in the Kingdom of Saudi Arabia (KSA).

Over the years SABB has developed a market leading trade finance proposition which is supported by a team of 132 dedicated trade associates located in all major business centres and various industrial and inner-city commercial areas within KSA. SABB’s Trade and Supply Chain team assists customers in implementing efficient and optimal financing structures to meet their trade and working capital requirements while minimising market risk. During 2014, SABB had successfully commercialised its Receivable Finance proposition. SABB has also rolled out various initiatives aimed at enhanced client experience and risk mitigation.

SABB retains its strong links with the HSBC Group, which provides an unrivalled international access and connectivity for the benefit of its clients, and remains the leading international trade bank in the Kingdom supporting and servicing both domestic and foreign companies. SABB has been awarded the trade finance bank recognition by Global Finance (7 times in a row), The Asian Banker (Best Trade Finance Bank in KSA – 2014) and GTR (MENA Leaders in Trade Award 2009-2011,2014).

Arup Roy will be the principal contact in relation to ITFA matters.

United Bank UK’s principal activities are to provide retail banking products through its branch network in major cities in the UK; wholesale banking, treasury and money transmission services to financial institutions, and trade finance facilities to businesses of all sizes.

Sunita Mehta will be the principal contact in relation to ITFA matters.

Liberty Specialty Markets (LSM) offers specialty and commercial insurance and reinsurance products across key UAE, Middle East, US and other international locations. The team, in particular, is a leading provider of insurance protection. Their global client base includes government agencies, international banks, multinationals and global commodity companies as well as a wide variety of exporters and contractors.

Classes of business include: non-performance by private and public obligors, non-payment by private and public obligors, fair and unfair calling of contract bonds, and political risk for fixed and mobile assets. The team of 15 consists of expert underwriters and analysts based in London, Paris and Singapore.

Elizabeth Dexter will be the principal contact in relation to ITFA matters.

RK Harrison has delivered insurance solutions to meet the sophisticated requirements of wealthy individuals since 1882. They deliver expert insurance developed by brokers who are as passionate about the service they provide as the items they insure. 

RK Harrison Financial Risks works within the political & structured credit and international trade credit insurance markets as insurance brokers. By creating insurance that is fit for purpose, they offer their clients value for money. Their experts build solutions that meet precise individual requirements, so clients only pay for the coverage they need.

Mr. Neil Galletti will be the principal contact in relation to ITFA matters.

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