ING announces shake-up of Swiss commodity finance offering
ING’s Swiss unit has announced a reshuffle of its trade and commodity finance (TCF) business, dividing its portfolio between global trading house clients and those requiring specialised lending.
The bank’s Geneva-based branch will serve larger commodity finance clients through its Swiss global merchants groups unit, headed by Patrick Arnaud. The unit will focus on traders with a multi-location and multi-product strategy.
The other unit, called transactional commodity finance, is led by François Broussard and targets clients where relationships are rooted in specialised lending, including product and technical sector expertise.
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