Friday, 3 June 2016


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

Marsh is a global leader in insurance broking and risk management. Marsh helps clients succeed by defining, designing and delivering innovative industry-specific solutions that help them effectively manage risk. Marsh's approximately 30,000 colleagues work together to serve clients in more than 130 countries.

Marsh is a wholly owned subsidiary of Marsh & McLennan Companies (NYSE:MMC), a global professional services firm offering clients advice and solutions in the areas of risk, strategy and people.  With annual revenue of US$13 billion and approximately 60,000 colleagues worldwide, Marsh & McLennan Companies is also the parent company of Guy Carpenter, a leader in providing risk and reinsurance intermediary services; Mercer, a leader in talent, health, retirement and investment consulting; and Oliver Wyman, a leader in management consulting.

Follow Marsh on Twitter @MarshGlobal, or on LinkedIn, Facebook and YouTube.

Mr Manuel Lopez will be the Main Delegate for all ITFA related matters.

Jiangsu Jiangyan Rural Commercial Bank Co.Ltd. is a dependable and trusted partner in Asia, offering a complete range of Trade and Channel financing solutions that facilitate import, export and domestic trade.

They have developed broad market on the forfaiting business on RMB with many enterprises and a variety of domestic banks, including state-owned banks, commercial banks and numerous regional banks. They are also quite concentrated on further promoting their forfaiting business, the non-recourse purchase as well as the transactions of foreign trade receivables in the near future. Besides, they hope to set up long-term cooperation with banks and institutions to deal with trade finance transactions such as forfaiting, factoring etc.

Their traders have many years of experience in financing and securing exports, especially those destined for emerging market countries. They purchase all forms of trade receivables without recourse, such as: Promissory notes and bill of exchange, Letter of credit, Domestic and cross-board RMB receivables and International factoring.

Yuyan Lou will be the Main Delegate for all ITFA related matters.

Banco Sabadell was founded in 1881 and is Spain's largest private banking group, which comprises of different banks, brands, subsidiaries and part-owned companies covering all areas of the financial business sector.

The Bank expanded its international footprint in 2015 with the acquisition of UK bank TSB and also obtained a license to operate as a commercial bank in Mexico. At year end 2015, 68% of the Group's lending was in Spain, 27% in the UK and 5% in America.

Banco Sabadell operates in 20 countries through branches, representative offices, subsidiaries and investees.

Xavier Puig Asensio will be the Main Delegate for all ITFA related matters.

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