Commerzbank completes first Marco Polo transaction pilot, covered by specialist press

Commerzbank and Landesbank Baden-Württemberg (LBBW) have recently – for the first time – successfully executed the necessary data transfers to complete two commercial transactions via blockchain-based trade finance network Marco Polo.

“The transaction proves that blockchain technology offers our clients state-of-the-art financing for trade transactions,” says Nikolaus Giesbert, divisional board member for Trade Finance & Cash Management at Commerzbank. “We see a valuable opportunity here to work together to develop and bring to the market innovative trade finance solutions.”

News of the transaction was covered by: Banking Technology, Bitcoin Exchange Guide, BlockTribune, CMTFile, Coin Speaker, Coin Telegraph, CoinDesk, Der Treasurer, Disruption Banking, Financialit, FinExtra, Fintech Finance, FinTech Futures, Global Treasurer, Global Trade Review, Ledger Insight, The Paypers, TokenPost, Trade Finance Global, TRF News, TXF, TXF tracker (behind paywall), & Yahoo

Leveraging technology to bridge the efficiency gap in transaction banking: BNY Mellon writes for Banker Middle East

Technology is evolving at a rapid rate, presenting banks with opportunities to enhance transaction processes and deliver real added-value to clients. In Banker Middle East, Bana Akkad Azhari, Head of Relationship Management CIS & MEA, Treasury Services, BNY Mellon, discusses the fintech appetite in the Middle East, and how collaboration between local banks, global banks and fintechs can provide banks with access to the technology initiatives they need to modernise their services.

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BNY Mellon discusses fintech’s growing role in the Middle East in Gulf Business

Fintech activity in the Middle East is building considerable momentum, with increasing demands from corporate clients and consumers for better transaction services a key factor driving this change. In Gulf Business, Bana Akkad Azhari, Head of Relationship Management CIS & MEA, Treasury Services, BNY Mellon examines how innovative technologies such as robotic process automation, artificial intelligence and blockchain could help to enhance existing processes, and allow banks to meet the ever-real need across the Middle East to deliver quick, efficient and transparent banking solutions.

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Senior appointments within Natixis covered by the specialist press

Natixis recently announced several senior appointments:

 

  • Stéphane Honig is appointed Head of Strategy and a member of the Executive Committee effective February 11, 2019. He joins Natixis with over 20 years of banking experience.
  • Stéphane About is appointed CEO, Corporate & Investment Banking (CIB) EMEA (excluding France), effective March 01, 2019. He is currently CEO, CIB Americas, and remains a member of the Natixis Executive Committee.
  • Olivier Delay is appointed CEO, CIB Americas, effective March 01, 2019. He is currently Global Head of Real Assets, CIB, and remains a member of the Natixis Executive Committee.
  • Anne-Christine Champion is appointed Global Head of Real Assets, CIB, effective March 01, 2019. She is currently Global Head of Distribution & Portfolio Management, CIB, and remains a member of the Natixis Executive Committee.
  • Isabelle Reux-Brown is appointed Global Head of Distribution and Portfolio Management, CIB, and a member of the Natixis Executive Committee effective March 01, 2019. She is currently Global Head of Human Resources for CIB.
  • Alain Bruneau is appointed Global Head of Compliance at Natixis and member of the Executive Committee effective March 18, 2019. He is currently Head of Compliance, CIB.
  • Stéphane Morin is appointed Deputy CEO, CIB Americas, effective March 18, 2019. He is currently Global Head of Compliance for Natixis.

The news was covered by: IJ Global, TXF, IFRInvestment Europe, S&P Market Intelligence, Finnews Asia, Risk.net, Global Capital.

 

Natixis’ Global Head of Equity Capital Markets, Eric Arnould, discusses outlook on the IPO market in Bloomberg interview

In an interview with Bloomberg, Natixis’ Global Head of Equity Capital Markets (ECM), Eric Arnould, discussed outlook on the ECM market for 2019.

Speaking with the publication, he explained that global equity volatility is set to continue next year, with the first quarter likely to be rather quiet for equity deals.

 

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Crown Agents Bank’s David Bee explores how technology can help investors navigate Africa’s currency market

As the appetite for foreign direct investment (FDI) in Africa intensifies, currency illiquidity and volatility stand as potential barriers to growth. In an article for The Global Treasurer, David Bee, Head of Global Markets at Crown Agents Bank, explores how new, innovative technologies – such as EMpowerFX – can begin to offset Africa’s currency concerns.

Please click here to read the full article.

 

Natixis sells business lines to Groupe BPCE, covered by tier one press

Natixis plans to sell its Consumer financing, Factoring, Leasing, Sureties & guarantees and Securities services businesses to its majority owner Groupe BPCE SA, for a total of €2.7bn.

The move, if successfully completed, will allow Natixis to accelerate the development of its asset-light model. In turn, Natixis would invest up to €2.5bn over its New Dimension strategic plan, primarily in asset management, compared with €1bn initially planned.

The news was covered by The Financial Times, Reuters, IFR, Globesnewswire, Law 360, Yahoo Finance, New York Times, Market Watch, This is money, CNBC, Euroinvestor, Post Online Media, Investsize.

The Banker names Natixis’ Green and Sustainable Hub as its Team of the Month

The Banker has profiled Natixis’s Green and Sustainable Hub (GSH) as its Team of the Month. The hub, integral to all of Natixis’ work in green and sustainable finance sector, is helping to cement Natixis’ position as the leading reference bank for such activities.

Speaking with Orith Azoulay, Head of the GSH, and Thomas Girard, in charge of business development at the GSH, the article highlights some of the team’s achievements from the past year, including the first commercial mortgage-backed securities (CMBS), real-estate loans and structured notes.

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Natixis wins The Banker’s “Most innovative investment bank for climate change and sustainability”

The Banker has named Natixis “Most innovative investment bank for climate change and sustainability” at its 2018 Investment Banking Awards.

The award recognises the innovative work Natixis is doing in the green and sustainable finance sector, including numerous first-of-their-kind deals and the development of an internal mechanism for integrating environmental risks into their overall risk assessment for financings worldwide.

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