3 new members join ITFA

The ITFA Board is pleased to announce the following new members. 

Anadolubank Nederland N.V., established in 2006 and has granted a full banking license by Dutch Central Bank in August 2007.

The Bank specializes in trade finance, corporate banking and retail banking areas and has special interest in structured finance products such as pre-export financing, commodity financing and forfaiting.

Trade Finance Department is active in financing hard commodities such as Steel & scrap steel, coal and soft commodities as petrochemicals and grain.

Main products: BL & FCR Financing; Warehouse Financing; Receivables Financing; Export – Import letters of credit; B2B Letters of Credits; Letter of Guarantee; Guarantees per aval and discount of avalised notes; Import and Export collection services. Financial Institutions is responsible for overall bank-to-bank relationships.

Main businesses: Participate or purchasing bank and corporate syndications from the first or secondary market; Origination of bank-to-bank loans via various products.

Nedim Sabah, Executive Vice President – Financial Institutions and Treasury will be the main contact in relation to ITFA.

Citi, the leading global financial services company, has approximately 200 million customer accounts and does business in more than 160 countries and jurisdictions. Citi provides consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, transaction services, and wealth management.

Citi Treasury and Trade Solutions (TTS) enables clients’ success by providing an integrated suite of innovative and tailored cash management and trade finance services to multinational corporations, financial institutions and public sector organizations across the globe. Based on the foundation of the industry’s largest proprietary network, TTS continues to lead the way in offering the industry’s most comprehensive range of digitally enabled treasury, trade and liquidity management solutions.

Wasif Raza, Director – Trade Asset Distribution will be the Primary Delegate with respect to ITFA matters.

Originally founded in the early 19th Century, Willis Group Holdings plc is the world’s oldest insurance broker.

Today, Willis Group Holdings plc is present in every continent, having a global workforce of over eighteen thousand employees who service clients from more than 400 offices. Its associates are highly trained and knowledgeable in their particular area of operation which covers a vast variety of industries and services.

Amongst the industries serviced, there are aerospace, financial services, trade finance, reinsurance, real estate, energy, construction and much more. Similarly its services are extremely vast, assisting their clients with Accident & Health, Claim Advocacy, Loss Management, Mergers and Acquisitions, Political Risk, amongst others.

Andrew van den Born, Executive Director, Financial Solutions is the main delegate for all ITFA activities.

Please join us in welcoming them to the association.