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On the move news

Ecobank appoints new head of UK


dward George has been named the new head of Ecobank UK in London. He will continue to serve as the bank’s head of group research, a role he has held since 2014. With the new appointment, George will oversee the operations of the four teams and 10 staff that make up the UK representative office of the pan-African bank. He reports to the recentlyappointed head of Ecobank in Paris, Ibrahima Diouf. Commenting on his new responsibilities, George tells GTR: “My job is to continue building the rep office’s operations and showing that we can funnel business into Africa, and also get ourselves out to the market here in London. The focus of our

Other moves

“Brexit could be a huge opportunity for driving more business to Africa.” Edward George, Ecobank Edward George, Ecobank

business will be treasury, corporate banking, financial institutions/international organisations and research, and we hope to expand our services in the future.” George has worked at Ecobank for the past five years. Before joining the bank, he was a senior economist at the Economist Intelligence Unit, specialising in commodities in Africa. “It’s such an interesting opportunity, London as a

market for Africa,” George adds. “There are so many investors and institutions that use London as a gateway for investing into Africa. So it’s all about us using the right model so that our banking platform in Africa can be leveraged. It’s great to be able to try and influence the way that we develop this,” he says, adding that Brexit could be a “huge opportunity” for driving more business to Africa.

Scipion creates head of trade finance role


ommodity trade finance fund Scipion Capital has appointed Paul Baker as head of trade finance, a newly-created position. In this role, Baker will oversee the company’s trade functions, reporting to the firm’s chief investment officer, Nicolas Clavel. He previously worked within SMBC’s structured trade and commodity finance department – which recently

underwent an overhaul – until November 2015. Before his eight years at SMBC, Baker was director for metals and mining in the commodity finance department at West LB, and held a variety of trade finance positions at international financial institutions including Citi, UFJ Bank, UBS, ING and BNP Paribas. Scipion believes the creation of a dedicated head of trade finance position


6 | Global Trade Review

at the bank in 2000, working in the structured finance team for eight years, including two in Houston, where he headed up the structured financial solutions team for energy and resources. In 2008, Westrik left ABN Amro for RBS’ energy and resources department, where he spent six years in various

Société Générale has announced that Stephen Swift will be its new head of global finance, from the beginning of 2017. He replaces Sadia Ricke, who will become chief country officer for the UK on January 1, 2017. Swift will report to Hikaru Ogata, CEO Asia Pacific, and Pierre Palmieri, global head of finance. He will be based in Hong Kong. The global finance business includes structured financing, debt capital markets, syndication and advisory services.

Paul Baker, Scipion Capital

will allow it to strengthen resources and diversify its teams within the trade and asset-raising functions.

Westrik takes natural resources helm at ABN Amro eroen Westrik has been named ABN Amro’s global head of energy, commodities and transportation (ECT) clients, natural resources. He was previously ABN Amro’s head of sector origination, natural resources, since 2014. Westrik started his career

David Herbert has rejoined Deutsche Bank, taking up the position of director, trade sales, trade finance UK and Ireland. He reports to Russell Brown, head of trade finance for the UK and Ireland. Herbert had previously spent five years with Bank of America Merrill Lynch, where he recently headed the Western European trade sales team. Before this, he was with Deutsche Bank London for 15 years.

positions before re-joining ABN Amro. Under Westrik’s leadership, the natural resources team will focus on global market leaders in metal and mineral reserve extraction, chemical product manufacturing and the production of construction materials such as cement, asphalt, glass and bricks.

JP Morgan has appointed Kiat Seng Lim global head of financial institutions (FI) for treasury services, in addition to his current role as head of FI sales, Asia Pacific. Lim joins the bank’s global treasury services management team and reports to the global head, Jeff Bosland. He will continue to be based in Singapore. He joined JP Morgan in 2012, having previously worked in Deutsche Bank’s global transaction banking business for 12 years.

November/December 2016 issue  
November/December 2016 issue