Jenny Messenger

Specialty re/insurer Convex Group has been approved to launch a Lloyd’s syndicate with a portfolio that includes political risk and trade credit insurance. Syndicate 1987 will exclusively cover “long-tail specialty lines”, the insurer said, and will also underwrite casualty insurance and reinsurance. Asta will be the managing agent of the syndicate, and Convex’s head of…

Helios Investment Partners has agreed to sell its majority stake in re/insurer Africa Specialty Risks (ASR) to Vitruvian Partners. The companies did not disclose the purchase price and the transaction is expected to close later this year, subject to regulatory approvals. London-based Vitruvian Partners is a global private equity firm that has invested across multiple…

Credit and political risk insurance broker Texel Group has named William Shaw as its chief executive. Shaw has been promoted from his current position of deputy chief executive at Texel and replaces Andy Lennard in the role. Texel said the move completes the plan for succession that Lennard “set in motion three years ago”. Lennard…

Investment bank TD Securities has appointed Vince Iarocci and Liza Januzi to senior roles in the lender’s global transaction banking (GTB) arm. Toronto-based Iarocci (pictured) has been named managing director and head of transaction banking, while Januzi becomes head of financial institutions for GTB. In the new role, Iarocci reports to Larry Wieseneck, the bank’s…

Netherlands-based lender Rabobank has named Ang Li Huang as head of trade and commodity finance for Southeast Asia. In the role, Ang reports to Gregory Vandeler and will be responsible for overseeing Rabobank’s trade and commodity finance team in Singapore. She will focus on “deepening strategic client engagement, expanding key partnerships and bringing product and…

Trade platforms WaveBL and TradeWaltz have partnered to enable digital trade document exchange in Japan, marking a first for banks in the country. WaveBL is a provider of blockchain-based electronic bills of lading, and TradeWaltz is a trade information collaboration platform set up in 2020 and backed by a consortium of Japanese firms, including major…

Ian Greenstreet has been appointed chief executive of Ghana International Bank (GHIB). Greenstreet has more than four decades of experience working in financial services at companies in Europe, North America and Africa. He founded Infinity Capital Partners, a corporate finance firm, in 2009. He has served as non-executive director on a number of committees, including…

John Luu has been named managing director and head of specialist sales for Lloyds’ transaction banking solutions arm. Luu took up the role on June 1 and reports to Mansour Davarian, managing director and head of transaction banking solutions. He is responsible for leading sales teams for a range of solutions, including asset finance, invoice…

South Sudan has agreed to provide two oil cargoes it owes to BB Energy under a US$100mn deal that went awry last year, the oil trading company has said, as a London court extended an injunction in its favour. “BB Energy is now in receipt of irrevocable letters of award from the Government of…

Sweden’s export credit agency EKN has named Ove Nyström as its director of business area for large corporates and a member of its executive management team. Nyström takes up the position from August 1 this year and succeeds Lena Bertilsson, who is retiring. Currently, Nyström is head of infrastructure and telecom at EKN and has…