4 NEW ITFA MEMBERS

The following four new members have joined ITFA this month:

Finanz AG Zurich is a Swiss finance company active in structured trade and commodity finance as well as trade related debt arranging. It also offers traditional trade products (including forfaiting) and provides advisory services to corporates and financial institutions.

With offices in Zürich, London, Moscow, Buenos Aires, São Paulo, Santiago de Chile, Mexico City and Singapore, Finanz AG has the local experience and expertise in handling complex financial transactions and providing tailor-made solutions.

Specializing in risk distribution, Finanz AG also advises regional and local Financial Institutions as well as large corporations in establishing Risk Distribution desks, including best practice in risk mitigation and syndication of assets.

Hanspetter Rellstab will be the main delegate for all ITFA related matters.

Eurler Hermes is the world's leading provider of Trade-related Credit Insurance solutions with more than 100 years of client support and responsiveness to changing business environments and operations in 50 other countries. They are backed by Allianz, one of the leading financial service providers worldwide.

As a Global leader in trade credit insurance and a recognised specialist in the areas of bonding, guarantees and collections, they help customers world wide to trade wisely and develop their business safely. Its financial solidity, risk analysis and integrated global structure enable the Group to provide companies of all sizes with all domestic and export market knowledge and support they need to successfully manage their business in changing economic environments. 

Karan Jain will be the main delegate for all ITFA related matters.

As part of the Arab Bank Group, which has one of the largest banking networks in the Arab world, Europe Arab Bank is uniquely positioned to offer clients seamless access to markets across MENA, Europe and North America.

Headquartered in London, with offices in France, Germany and Italy, they offer a comprehensive range of private banking, corporate, institutional and treasury services. On the ground support, including cash management across many of the MENA countries, enables their clients to do business with confidence and efficiency.

Haitham Ashour will be the main delegate for all ITFA related matters.

Gulf International Bank UK Limited (GIBUK) is the London based asset management division of Gulf International Bank B.S.C. GIBUK, which has been managing investment portfolios on behalf of institutional clients for over 40 years. Trade Finance is a new asset class being offered to institutional investor clients.

The Bank facilitates banking between Saudi Arabia and UK, mostly at government level and have a balance sheet of USD 7.5 billion (capital USD 300 million), as well as specialises in Asset Management, where they manage circa USD 12.5 billion for institutions (mostly Government, Central Bank, SWF and Pensions).

Ian Henderson will be the main delegate for all ITFA related matters.