BNY Mellon picks up three EMEA Finance Treasury Services Awards

BNY Mellon has won three awards in EMEA Finance magazine’s 2019 Treasury Services Awards, including retaining its title of “Best Transactional Bank for Financial Institutions in EMEA” for an astonishing tenth consecutive year. BNY Mellon was also named “Best Transactional Bank for Financial Institutions in the Middle East” and the provider of the “Best FX Services in EMEA” for its market-leading FX solution, SmartPaySM Global.

The awards were presented to BNY Mellon Treasury Services’s Bana Akkad Azhari, Head of Relationship Management MEA and CIS; Marcus Sehr, Head of Europe; and Ross Jones, Head of FX and Multicurrency Payment Product, at Sibos.

To read the full awards write-up in EMEA Finance, please click here (please note, the article lies behind a paywall)

S&P Global Ratings names new head of EMEA Infrastructure and Project Finance, covered by the specialist press

S&P Global Ratings recently announced Pablo Lutereau as its new Head of Infrastructure and Project Finance in the Europe, Middle East, and Africa (EMEA) region.

Following the news of his appointment, Mr. Lutereau said, “Infrastructure plays a critical role in EMEA’s economic growth and development in terms of social well-being. As such, I’m very pleased to start the next chapter of my S&P Global Ratings career within the dedicated EMEA team and look forward to building upon our 25-year history of assessing transactions in this market.”

Lutereau moves from S&P Global Ratings’ Buenos Aires office, where he was Head of Infrastructure & Utilities in Latin America. He will start his new role in January 2020 and will be based in Madrid.

Following Moorgate’s outreach, the news was covered by TXF, IJGlobal, PFI, Proximo and Partnerships Bulletin

BPL Global’s Charles Berry assumes Insurance Institute of London presidency, covered by the specialist press

BPL Global’s Chairman, Charles Berry, has been appointed as President of the Insurance Institute of London (IIL).  Berry, who succeeds Nicolas Aubert, CEO, Willis Towers Watson GB, will serve in office for the 2019-20 term alongside new Deputy President Anthony Baldwin, CEO and Board Director, AIG UK.

Delivering his first presidential address at the IIL’s AGM on 30th September, Berry said: “It is a great honour to serve the Institute as President, but somewhat daunting as I have big shoes to fill.”

He continued: “My theme for the year – ‘Who do you act for?’ – stems from my belief that trust in financial markets depends on market professionals being transparent as to who they act for: buyer or seller; client or capital provider. I look forward to developing this theme during a year full of challenges, but also one promising opportunity for all.”

Following outreach by Moorgate, Berry’s appointment was covered by The Insurer, Insurance Business, Insurance Insider, Reinsurance News, Insurance Age, Credit Insurance News Digest, Intelligent Insurer and TXF.

BPL Global appoints Gregory King-Underwood as Head of Global Reinsurance and Portfolio Solutions, covered by specialist press

BPL Global has brought reinsurance expertise in-house with the appointment of Gregory King-Underwood as Director and Head of Global Reinsurance and Portfolio Solutions.

Commenting on the appointment, James Esdaile, Managing Director, BPL Global said: “We are delighted to welcome Gregory to the BPL Global team, where he will be invaluable in informing our strategy at a time of rising synthetic securitisation and growing synergies between the CPRI and reinsurance markets.”

Following outreach by Moorgate, news of the appointment was covered by: Reinsurance News, Intelligent Insurer, Global Trade Review, Captive International, Captive Review, Structured Credit Investor, Finanznachrichten, Credit Insurance News Digest and TXF.

ExWorks marks its new office move in style

ExWorks Capital invited guests to celebrate the relocation of its London office to The Wells Fargo Building, 33 King William Street, London. The event took place on the building’s stunning roof terrace, where over 100 attendees, including journalists from TXF, TRF and Bridging and Commercial, were able to network against a spectacular backdrop.

The move to the new location is designed to help facilitate the continued growth of ExWorks and cater to the needs of its expanding client base.

Inside S&P Global Ratings IFR Outlook H1 2019: Political uncertainty, sustainability and ESG

S&P Global Ratings has published 2019’s first edition of Infrastructure Finance Outlook, its newsletter of key infrastructure and project finance-related research and ratings news.

In this edition, S&P Global Ratings considers global infrastructure investment trends, spanning China, the GCC and the Americas, along with the regulatory and political risk factors across these regions.

With global political uncertainties on the rise, infrastructure investors are even more focused on long-term sustainability. And, as environmental, social, and governance (ESG) considerations are rising to the fore of investment strategies, the credit rating agency dedicates this edition to providing greater insight to its newest offering, the ESG Evaluation.

Please see the full newsletter in PDF here.

ESG-based investing is here to stay, says S&P Global Ratings, covered by the specialist press

According to a recent report by S&P Global Ratings, executives and asset managers are in agreement that the rise of environmental, social, and governance (ESG)-based investing will likely accelerate as a younger, more values-oriented crop of investors enter the global markets.

Doug Peterson, S&P Global President and CEO, told attendees of  launch event for S&P Global Ratings’ ESG Evaluation tool, “Now more than ever, companies understand and have a much better appreciation of their responsibilities as corporate citizens. We see ESG matters as an essential component of sustainable company performance.”

Following outreach from Moorgate, the report was covered by Aqua Now, Wealth Adviser, SDG Knowledge Hub, and Institutional Asset Manager.

 

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

ExWorks Capital’s Chris Ash outlines to Trade Arabia how value can be added in Middle East trade finance

  

Christopher Ash, the Managing Director of ExWorks Capital UK describes how trade finance in the Middle East is at an inflexion point. As the discipline innovates and evolves, it becomes a tool to help businesses grow, rather than being a heavy weight in the firm’s debt repayment schedule. There’s still much to be done but also much to gain. Ash outlines some exciting developments that are driving change throughout the region.

Read the full article here

S&P Global Ratings discusses the growing role of multilateral institutions for the mobilisation of private sector capital; covered by Infrastructure Investor  

Of the private capital multilateral lenders have mobilised, only 3% has been invested in low-income countries. This is according to new research by S&P Global Ratings.

The lacking capital is due to the higher underlying investment risks in emerging markets – such as political and regulatory uncertainty, currency exchange risks, and policies that are less clearly defined. S&P Global Ratings believes that a combination of credit enhancements and private-sector catalysation could help to offset the financing gap.

Following Moorgate’s outreach, the news was covered by Infrastructure Investor. To read the full article, click here (please note that the article is behind a paywall)