In its most recent expansion move, RedRidge Diligence Services has appointed Tom McClay to its New York office as Director.
Tom will be responsible for further embedding RedRidge’s success with private equity groups, investment banks and corporate clients in the northeast region by providing buy-side and sell-side financial due diligence services.
Following Moorgate’s outreach, the news was covered by: TXF, ABL Advisor, Private Equity Wire, Trade Finance Analytics and TSL Express.
Speaking to Insurance Day for their “Big Interview” feature, BPL Global’s Managing Directors Sian Aspinall and James Esdaile explain how the credit and political risk insurance broker’s independence and specialist focus is a competitive advantage in one of the insurance market’s most niche areas.
“We think the market has the potential to grow exponentially,” said Sian Aspinall. “We are in a very strong position to grow by having the right people present in the right hubs.”
You can find the full interview here (behind paywall), or on page 6 of Insurance Day’s latest issue here.
Writing for the Greater Manchester Chamber of Commerce, Chris Ash, Managing Director at ExWorks Capital, discusses why SMEs are turning to specialist trade financiers to meet their financing needs in light of increasing regulatory burdens and global economic uncertainty.
The article was published on the Greater Manchester Chamber of Commerce’s website. To read the full article, please click here.
Ahead of new regulatory periods for U.K. water and energy networks, S&P Global Ratings has published a report providing an outlook on the utilities sectors. According to the report, regulatory reviews, Brexit, and political scrutiny over tariffs and service quality are all adding pressure to U.K. utilities’ financial ratios, as well as the headroom on their credit ratings.
Following outreach by Moorgate, news of the report was covered by Infrastructure Investor, Partnerships Bulletin, Environment Analyst and WaterBriefing.
BPL Global has recently announced the appointment of Donnie DiCarlo as Executive Vice President, charging him with expanding the credit and political risk insurance broker’s client base in the U.S. and wider Americas region.
Sian Aspinall, Managing Director, BPL Global says: “[Donnie’s] reputation in our market as a leading expert in political risk emanating from Latin America and his exhaustive knowledge of bank-related business means he will undoubtedly be an asset to our operations in the Americas.”
DiCarlo comments: “BPL Global’s market standing and specialist focus were compelling draws for me as a technically-minded CPRI broker and I’m looking forward to lending my expertise to help further and grow our book of business in the region.”
Following outreach by Moorgate, news of DiCarlo’s appointment was covered by Intelligent Insurer, The Americas Banking News Network, Business Insurance, Insurance Insider, Project Finance International, Insurance Report, Global Trade Review, Commercial Risk, Insurance Journal Reinsurance News and TXF.
Writing for The Global Treasurer, Global Credit Data’s (GCD) Executive Director, Richard Crecel, explains that banks, in general, have adequate recovery strategies in place to deal with corporate defaults.
GCD data shows that banks recover, on average, 76% of debts owed by large corporate borrowers after default. What’s more, in most cases, banks will recover nearly all of the outstanding amount on a defaulted loan.
In turn, the article explores the reasons behind such high recovery rates and sheds some light on how long it actually takes for banks to recover defaulted loans.
Read the full article here
The OBOR initiative is an integral component of China’s vision for restructuring the global economy. The Middle East is viewed as a key partner in enabling the global initiative to reach its potential, and the possible payoffs for the region if BRI succeeds could be substantial – fuelling bilateral trade, new trade corridors, improved infrastructure and new opportunities for investment.
In an article for Trade Arabia, Bana Akkad Azhari, Head of Relationship Management MEA & CIS, Treasury Services, BNY Mellon, discusses how local banks must have the right tools to support the transactions effectively and efficiently to ensure businesses in the region can capture the new trade opportunities on offer.
To read the full article, please click here.
Egypt stands at a crossroads both physically – situated between the Middle East and Africa, and with the European market right next door – and with respect to its economic outlook. Many reforms are underway but are they generating the economic boost they intended? At a roundtable in Cairo, BNY Mellon and EMEA Finance brought together some of the country’s leading bankers from large and specialist institutions, as well as the public and private sector, to discuss how Egypt is transforming to offer a more positive outlook.
To read the full write-up of the discussion, please click here (please note, subscription required).
Writing for International Trade Magazine, Christoph Gugelmann and Nils Behling, co-founders of Tradeteq, discuss the financing problems facing SMEs – especially in emerging markets – and how trade receivables’ potential as an investable asset class can help provide a solution.
Indeed, while trade finance has been a sound investment option for decades, only now has technology reached the right level to make these assets easily investable.
Read the full article in the latest print edition of International Trade Magazine.
RiskFirst has taken its PFaroe product and expanded it to include an attribution service for asset managers. In an interview with Wealth Adviser, Matthew Bale, Chief Strategy Officer, RiskFirst explains how disparate systems used by different stakeholders can create significant challenges, including with respect to reconciliation.
Bales says: “We are creating one unified platform that can be used by the end client and manager, bringing the asset owner and the fund manager together through technology.”
To read the full article, please click here (please note, subscription to Wealth Adviser required).