Lloyds Bank Commercial Banking has appointed John Bugeja as head of trade sales. Bugeja, who joined the bank in August 2012 to help build the trade product management capabilities and processes, will commence his new remit with immediate effect. He will be based in London and report to Dave Phillips, director of trade.
In his new role, Bugeja will play a key role in shaping Lloyds’ trade finance offering and develop the bank’s relationships with commercial banking clients including small and medium-sized enterprises (SME) and mid-sized clients, global corporates and financial institutions (FIs).
Bugeja has over 30 years’ experience in international trade and has held a number of leadership positions in transaction banking across sales, product and operations management with HSBC, NatWest, RBS and Barclays.
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.
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