Falcon Bridging Finance Limited has announced that it has selected Brightstar Financial to act as its latest financial intermediary.
Under the terms of the partnership, Brightstar will add Falcon Bridging to their lender panel, providing partners and clients access to their complete product range.
Leading specialist financier Falcon Group has announced Ross Anderson, former Westpac Director, as National Business Development Manager, Institutional Clients.
Responsible for spearheading Falcon’s growth in Australia, with a specific focus on mid-cap and large corporate ASX-listed companies, Anderson brings over 12 years of experience in financial services to the role.
“Since launching in 2015, Falcon Group Australia has gone from strength to strength,” said Will Nagle, CEO of Falcon Group. “Attracting someone of Ross’s calibre into the business is a great endorsement of our strategy and ambition and we are confident that his knowledge and experience will be vital as we continue our plans to grow and develop in Australia.”
Following Moorgate’s outreach, the news was covered by: GTR, BCR, Global Banking & Finance Review, FTSE Global Markets, Trade Finance and TXF.
Leading specialist financier Falcon Group has announced Steve Box, former Bibby Financial Services’ CEO, and HSBC Veteran, as Head of Business Development for the UK and Europe.
Responsible for spearheading Falcon’s expansion in the UK and European markets., Box brings more than 38 years of experience in financial services – in particular, receivables, asset-based lending, supply chain finance and trade finance.
“Having established ourselves as a leading global player in trade finance, we are always looking for new ways to evolve our business and support our clients in new markets,” said Will Nagle, CEO of Falcon Group. “Steve’s track record of developing teams, growing top-line revenue and boosting company profitability, combined with his knowledge of the corporate landscape – in the UK and beyond – along with his unparalleled experience in both banking and non-bank institutions will help us achieve this goal. We’re thrilled to have him onboard.”
Following Moorgate’s outreach, the news was covered by: BCR, Bridging & Commercial, TXF, Trade Finance, Asset Finance International, Business Money, Leasing Finance, FinExtra and FTSE Global Markets.
In an article for the Banker Middle East, Emma Clark, Falcon Group’s Head of Business Development, explores the ways in which slower growth and stagnating oil prices are weighing on the region’s corporates – particularly when it comes to business liquidity. Furthermore, the squeeze on working capital, while initially felt by smaller businesses, has since spread to mid-market and larger companies.
There are, however, several steps that corporates can take to improve cash management and boost liquidity, including turning to specialist financiers for short-term financial solutions. The full article can be read here.
After opening an Australia and New Zealand base in 2015, Falcon Group, one of the world’s largest trade and corporate finance specialists, has moved its Sydney operations to a new permanent office in the heart of Sydney’s Central Business District (CBD) – reaffirming their commitment to specialist financing in the Australian and New Zealand region.
“Not only does our move to Sydney’s Central Business District position Falcon at the centre of the region’s financial industry – cementing our reputation as a leading specialist financier – it also reaffirms our confidence in the growth of specialist finance in Australia and New Zealand, as well as worldwide,” says Paul Mitchell, Falcon Group’s Head of Australia and New Zealand.
Full news of the move can be found at Finextra, TXF, and APBankers News.
In a commentary article for Financier Worldwide, Emma Clark, head of business development at Falcon Group, explains why many Asian corporates have been turning to innovative and alternative sources of financing for their funding needs.
Ongoing bank retrenchment is taking a toll on emerging markets, contributing to the US$692 billion of unmet trade financing in Asia alone. One reason for this is increased regulation – such as Basel III – which requires banks to hold more capital on their balance sheets. In turn, disincentivizing banks from making funds available to all but the highest-rated borrowers.
As effect, there has been a strong institutional response from Export credit agencies (ECAs), regional and multilateral development banks (MDBs), insurers and alternative financiers, like Falcon, to fill the lending gap.
The full article can be read here.
In the most recent edition of GTR’s series about inspirational women in trade finance, Sanne Wass talks to Emma Clark, Falcon’s head of business development, about her career and how the industry can best tackle its gender bias.
Clark says the key to gender equality starts with investment in young talent, and she has no doubt this is where institutions have the biggest opportunities to up their game. More apprenticeship programmes and better qualifications around trade finance as a specialism are just some of the steps the industry could take to attract more women.
“No one tells you at school that trade finance can be really fun,” she says. “I’m a big fan of recruiting young people and training them up, and trying to make people excited about trade finance. But that’s a lot of time and investment. And I’m not sure how many companies out there are prepared to take people on and train them up. Trade finance is quite a fluid market; it’s easier just to get someone else from a different company and pull your relationships across.”
The full article can be read here.
With established offices in Sydney and Perth, Falcon Group has appointed three Business Development Directors to cover its expanding trade and corporate finance business across Australia. The new directors which include Chris Seneviratne, Ben Lacey, and Ray Buxton, together collate over 60 years’ of trade finance experience, and will serve mid-cap to large local businesses in Sydney, Melbourne, and Brisbane respectively.
Following Moorgate’s outreach, the news was covered by GTR, FTSE Global Markets, Trade Finance Analytics, Carraway Group, and TXF News.
In the second commentary article in a series for Financer Worldwide, Emma Clark, head of business development, UK and Europe at Falcon Group, discusses that as oil revenues continue suffer and bank liquidity dries throughout the GCC region, corporates will continue to seek alternative means of financing than traditional bank lending.
Unhampered by the same regulatory restraints that regional and global banks face, alternative finance firms have been able to fund corporates’ day to day operations and growth through innovative solutions and by tailoring financing solutions to clients’ needs. In fact, the Cambridge Centre for Alternative Finance reported that total African and Middle East alternative finance markets grew by 59 percent in 2015.
With the global reach and adaptability these firms provide, corporates often find that specialist financers can accommodate their individual goals to a greater extent than traditional house banks. However, specialist financers should not be considered competitors to the banks, rather partners. Specialist financing can be combined with bank lending to achieve the best of both worlds: the resources of a global bank and the flexibility of a specialist.
The full article can be read here.
Falcon Group has announced the completion of a US$150M securitization of cross-border multi-bank instruments. Natixis, the international corporate, asset management, insurance and financial services arm of Group BPCE, acted as the sole initial purchaser. Falcon will use the additional funding capacity to provide trade finance to mid-cap and large companies.
Chris Howarth, CFO of Falcon Group, comments: “As the first securitization of cross-border multi-bank instruments, this is an unprecedented transaction for the trade finance market. Not only does this deal demonstrate the strength of our business model and financial performance, but also our commitment to innovation. And it reflects our confidence in the continued growth of Falcon’s global trade finance business.”
Following outreach by Moorgate, the news was covered by the specialist press: IFR, Global Capital, Debtwire, Trade Finance, GTR and GTNews.