Barclays has appointed Eugenio Cavenaghi as director for trade and working capital product management, Europe. He joins the group from UniCredit, where he was global head of trade product development and sales facilitation. Prior to this, Cavenaghi held the role of global product manager in the trade and cash division at Deutsche Bank.
Based in Frankfurt, Cavenaghi will be responsible for product management activities across the trade and working capital business and supporting German and international clients with their trade finance needs. He joins Barclays’ Europe, Middle East and Africa (EMEA) trade and working capital leadership team and will report to Baihas Baghdadi, head of trade and working capital for EMEA in the region, and Ray Zabarte, global head of trade and working capital product management.
The US money market fund reforms came into effect in 2016 and are already dramatically shaping US fund industry with investors flooding out of prime funds and into government securities. While the reforms are similar, they are not the same. GTNews interviews Yeng Bulter, global head of the cash business at State Street Global Advisors on the differences.
The top five sectors Asian fintech investors are interested in are data analytics, blockchain, lending, payments and regtech, according to Gary Hwa, EY regional managing partner.
On the third day of the Singapore Fintech Festival conference, there was a focus on specific applications of fintech innovation. One was trade finance, which is clearly is ripe for a revolution.
Kicking off day two of the Singapore Fintech Festival, Deloitte Chairman David Cruikshank said that fintech is significant for three reasons. First, customer expectations of services are higher than ever. Second, barriers to entry are lower than before. And finally, financial institutions (FIs) face a threat of what a competitor might do.