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Informing today's market
Financing tomorrow's trade
Soft Commodities Trader
Due to increased sales, a soft commodity trader required a receivables purchase facility for one of their large customers - purchased from Africa and sold to the US.
Metals Trader
Purchasing commodities from Africa, the US, and Europe and selling to Europe, a metals trader required a receivables finance facility for a book of their receivables/customers.
Energy Trading Group
An energy group, selling mainly into Europe, desired a receivables purchase facility to discount names, where they had increased sales and concentration.
Clothing company
Rather than waiting 90 days until payment was made, the company wanted to pay suppliers on the day that the title to goods transferred to them, meaning it could expand its range of suppliers and receive supplier discounts.
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Informing Today’s Market, Financing tomorrow’s Trade.
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Michael Vrontamitis
Michael Vrontamitis
Standard CharteredMichael Vrontamitis is the Lead Industry Principal for Finastra’s Lending Business Unit, which covers Cash Management, Trade and Working Capital Management, Retail and Corporate Lending. He also advises several start-ups, including Kountable Inc, and is a member of the World Trade Board.
A renowned industry thought leader, he is particularly passionate about the intersection between sustainability, technology and finance and the impact digitalization can have in narrowing the trade finance gap and enabling sustainable supply chains.
Prior to Finastra, Michael spent 25 years with Standard Chartered, spanning both wholesale and retail clients, as well as investor relations, working in Hong Kong, London and Singapore. He was the Global Head of Trade Finance Product, and most recently responsible for the bank’s trade finance business with European and American headquartered companies. He also looked after sales, product, distribution, service and implementation in Europe and the Americas.
Michael has been a member of the BAFT Board of Directors and BAFT’s Global Trade Industry Council. He was also part of the ICC Banking Commission Advisory Board, where he co-chaired the ICC Working Group on the digitalization of trade finance and chaired the SWIFT Offshore CNY Best Practice Working Group on Cash & Trade.
Michael was recognized by The Asset as The Renminbi Banker of the Year in 2014. He has a degree and Master’s in Economics from the University of Warwick.
