Six people have been appointed to ABN AMRO’s commodities finance business. Neil McGugan, a specialist in structured commodity financing for the oil and gas sector, has joined ABN AMRO’s Structured Pre-Export finance team from Calyon. A further hire for the structured commodity finance team is David Hague who joins from WestLB. Additionally, Ajay Kumar has moved across to structured commodity finance from AMRO’s cross-border structured financing business. Frans Cornelissen has been appointed Global Head of Structured Inventory Products, formerly holding the post of Head of Country Risk Management with the bank. Carlos A. Costa joins the bank’s Latin America team based in São Paulo, Brazil. Tjeerd Buurma has been promoted and has taken a more senior role concentrating on soft commodities such as coffee, cocoa and sugar. Meanwhile Sander Stuijt has been promoted to Vice President and is now responsible for the all-metal trader relationships.
A report by broking group Marsh examines the repercussions from the administration of the South Korean company, which filed for bankruptcy protection at the end of August.
Global research by C2FO suggests that smaller businesses are less concerned with the repercussions of Brexit and the upcoming US presidential election.
A squeeze on skilled talent means it now takes an average of seven weeks to fill open permanent roles in finance in the UK according to new research from financial services recruitment firm Robert Half.
Early-stage merger and acquisition deals in Asia-Pacific show nearly 10% year-on-year growth in recent months.