On the move news
Barclays Africa names new head of trade
avid Renwick has been tasked with running both global finance and trade for Barclays Africa, bringing the two businesses within one group for the first time. The bank’s global finance business incorporates its longterm finance activities: project, resource and acquisition finance, as well as debt capital markets and vanilla debt (both investment-grade and subinvestment-grade). Renwick tells GTR that the bank took the decision this year to bring its Africa-focused global finance business together with its trade capabilities (which includes vanilla flow and structured trade and commodity finance) under one roof. Within this new framework, he says the bank will “maximise on
opportunities in the market that may have been missed by not being more closely aligned in the past”. As an example, he explains, the bank has historically been successful in the development of renewable energy plants in Southern Africa, but that it has traditionally not taken full advantage of the structured trade opportunities linked to these deals. The aim now is to bring these two businesses closer together. “There’s a real opportunity to start to compete with the more heavy-weight actors and trade finance houses in the region,” he says. Renwick has been with Barclays Africa for the last five years and before that held positions at Investec in the UK and Standard Bank in South Africa, covering all
More changes within the Barclays Africa trade team will be announced shortly. aspects of long and short-term finance. His new title is head of global finance and trade at Barclays Africa. He tells GTR that more changes within the trade team will be announced shortly as the bank realigns and brings new leadership to its structured trade and vanilla flow businesses. Renwick replaces Jason Barrass, who was previously head of Africa trade at Barclays Africa, but who recently left the bank.
Capital Chains grows with two new hires
utch training and consultancy company Capital Chains has expanded its team with two new appointments. Specialising in training and consultancy on financial supply chain management issues, Capital Chains was launched in 2015 by Steven van der Hooft. Speaking to GTR, van der Hooft says he is expanding his team to three people to help grow the business and meet the rising interest from banks and multinational corporates. Joost van den Hondel, who joins as partner at Capital Chains, has more than 18 years of experience in the financial services industry and has previously held senior roles at Ernst & Young, Capgemini and ING. He is the initiator and programme manager for Betaalme.nu (Pay Me Now), a not-forprofit initiative that aims to
10 | Global Trade Review
ease SME suppliers’ access to reasonably-priced liquidity. Matthijs van Bergen will be the company’s new consultant. Before joining Capital Chains, he worked as a researcher in supply chain finance at Windesheim University of Applied Sciences, and as an independent consultant, advising companies on financial and operational matters to optimise their performance. “Joost is an experienced programme manager, who will be able to lead some of the longer programmes,” van der Hooft says. “Matthijs will have a more analytic, strategic focus.” With his new team, van der Hoof’s aim is to reach more clients internationally. “We can do more projects on a global scale, using our experience that we have gained working with various clients in the banking sector
Joost van den Hondel, Capital Chains
Matthijs van Bergen, Capital Chains
as well as the corporate side,” he says and adds that he is intending to expand further. “We are growing. We are now a team of three, and hoping to grow to between five and 10 within the next two years.”
Swiss export insurer credit agency Serv has appointed Peter Gisler as its new director, effective from January 1, 2017. Gisler will succeed Herbert Wight, who is retiring at the end of the year. Gisler will join Serv from engineering company ABB, where he is currently the global head of export and trade finance and oversees letters of credit and guarantees, short-term trade management and customer finance. Prior to ABB, Gisler held various positions in export financing at UBS as well as being on the board at Aargauische Kantonalbank. “The board is convinced that Gisler has all the qualifications necessary to successfully develop Serv in a challenging environment ensuring it can continue to optimally support the Swiss export industry in international competition,” says Serv in a statement.
Bharat Gupta has joined Olam as regional head of trade and structured finance for Asia, the Middle East and Africa. Based in Singapore, he joins from fellow commodities trader Louis Dreyfus, where he spent six years in Dubai, most recently as the regional head of structured trade finance. Prior to this, Gupta worked for Cargill as head of corporate origination in India. This followed more than 10 years in the banking sector. He was head of transaction banking products for South Asia at Standard Chartered, and has held roles at American Express Bank, Citi and Barclays.