Faisal Bank reveals trade finance ambitions

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19 February 2010

The new CEO for Swiss Islamic specialist Faisal Private Bank has revealed the bank is actively building a trade finance arm.

Mark Koch, who was appointed CEO of Faisal Private Bank in January 2010, has revealed that the bank is actively building a trade finance arm.

Koch has appointed Guillaume de la Borde Caumont to head the bank’s nascent trade finance division and has made three other senior appointments.

Guillaume de la Borde...

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Poll

Credit insurers have withstood the crisis admirably settling a high number of claims during 2009. If you are actively involved in trade transactions what percentage of your deal book now enjoys some political or credit risk cover from private insurers?

75% to 100%

33%

50% to 75%

30%

25% to 50%

25% or less

10%

I don’t use private credit insurers

18%