Chintan Shah will lead Apac & MEA, corporate bank, as Ole Matthiessen becomes global co-head of the corporate bank; Christof Hofmann is named as global head of cash management.
The partnership, known as GLIDE, is targeting $5bn of high-quality warehouses across the Gulf Cooperation Council; it's expected that more partners in the GCC will also participate.
Majed Julfar has joined the German bank in the Middle East from Etihad Credit Insurance, where he was director of trade credit insurance and export finance.
Jo Miyake to become head of banking, Asia and the Middle East, under its new Corporate and Institutional Banking unit, while Selim Kervanci will become CEO of the Middle East.
The pre-series B funding co-led by Global Ventures and existing investor Reefknot Investments will initially help expansion into the UAE and Saudi Arabia.
Nov 20, 2024
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The Chinese SME cross-border payment platform wants to facilitate Chinese merchants’ local currency collection in markets where trade flows are growing, including Africa.