Demica, a provider of working capital solutions to multinational companies, has appointed Tim Davies to the newly created role of head of origination in Europe. Davies will play an instrumental role in enabling Demica to lever its market-leading technology platform to take advantage of emerging opportunities in the shifting trade receivables finance landscape.
Davies’ responsibilities will include opening new customer relationships; originating, structuring and placing structured finance and securitisation transactions and helping Demica’s clients optimise their working capital positions. He has a mandate to grow Demica’s origination team in Europe and will report directly to CEO Matt Wreford. With almost two decades of experience in capital markets securitisation and structured finance, Davies’ extensive expertise and in-depth market knowledge will make a vital contribution to Demica’s growth as a technology-enabled finance business.
Davies has been in the securitisation and structured finance world for almost two decades, most of them as a trade receivables specialist across North American and European markets for blue-chip banks. As a senior originator and structurer, he has led a range of highly innovative structured finance transactions, including off-balance sheet structures and successful multinational programmes. Prior to joining Demica, Davies was the director of Lloyds Bank’s asset backed solutions conduit and balance sheet team in London, where he was responsible for originating and structuring securitisation transactions for multinational and regional clients. Previously, he spent five years as securitisation and structured finance senior director at Royal Bank of Scotland, covering the UK, France and Benelux countries. Before moving to the UK in 2007, he spent 12 years in RBC Capital Markets’ Securitisation Group in Toronto, covering the bank’s North American clients.
“The receivables finance world is evolving in response to changes in traditional lenders’ behaviour and particularly in reaction to regulatory changes in the capital markets,” said Davies. “Demica’s sophisticated technology platform already underpins a significant volume of funded receivables pools via a global network of banks and other funders: it is uniquely equipped to take advantage of emerging opportunities in this space, as the landscape shifts. My role will be to lever Demica’s platform and privileged market position to help our clients optimise their working capital positions and identify new sources of funding through innovative asset-backed structures.”
Matt Wreford, CEO of Demica, commented: “With Tim’s sound track record in the global trade receivables securitisation market, his insight and market knowledge will prove an invaluable asset to Demica and our rapidly growing client base. The post-crisis banking regulatory environment continues to highlight the importance of working capital management and clients’ need for flexible, committed funding to drive their growth and manage their liquidity. Tim’s appointment will further extend Demica’s ability to provide our customers with optimised working capital solutions, ranging from invoice discounting and factoring to receivables securitisation and asset backed loan programmes to supply chain finance.”
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