ON THE MOVE by Damian Austin, Bank ABC

ITFA Deputy Chairman Damian Austin recently left Barclays where he was Global Head of Trade Finance Syndications to take up a new role at Bank ABC in London.

Damian joins his former HSBC colleagues Geoff Sharp, Richard Waite and Richard Tull who have also recently joined the Bank ABC Group.  Damian and Richard will be based in London and will work with Geoff Sharp who heads up Bank ABC ’s Global Trade Debt and Distribution business (GTDD). Richard Tull will head up Trade Finance in the Americas and will be based in New York.

The new team will be focusing on origination across developing markets working primarily with Financial institutions in the emerging markets space together with managing the Bank’s secondary market and distribution business.  GTDD also incorporates the Bank’s existing risk distribution and secondary markets team and will have a larger mandate across the Group.

Bank ABC has a long pedigree in the Trade Finance market especially across Europe and its core MENA markets.  The new team will be looking to increase Bank ABC’s trade financing into new markets, as the Bank looks to expand its international presence and become MENA’s leading international bank.