The ITFA Board is delighted to welcome another three new members to the Association during the month of July:

Wells Fargo & Company is a diversified financial services company with $1.9 trillion in assets. Wells Fargo’s vision is to satisfy their customers’ financial needs and help them succeed financially. Founded in 1852 and headquartered in San Francisco, Wells Fargo provides banking, insurance, investments, mortgage, and consumer and commercial finance through more than 8,400 locations, and has offices in 42 countries and territories to support customers who conduct business in the global economy.

In the EMEA region, Wells Fargo serves its wholesale customers through 16 lines of business, which include the financial institutions group, corporate banking, securities, commercial real estate, capital finance and asset management. The Loan Syndications and Risk Mitigation team is responsible for arranging and syndicating loans int he primary market, as well as delivering risk mitigation and distribution solutions for both loan and trade finance assets across the global platform. The team maintains a presence in London, Hong Kong and New York.

Isabel Rodriguez will be the main contact person for all ITFA related matters.

Levantor is a London-based Fintech specialising in innovative Supply Chain and Channel Solution. Their team of investment bankers and long standing specialists in trade finance provides sustainable financing solutions that improve the profits of both distributors and producers. Every team member brings decades of experience, industry contacts and specialist skills to help craft solutions that meet each customer’s needs.

Levantor strives to build structured financing plans for distributors in a range of sectors (starting with the technology / consumer equipment sector), providing improved access to working capital. They aim to improve relationships at every step of the supply chain, enabling increased sales for both producers and distributors. Their experience covers both sides of the balance sheet, allowing them to structure solutions and then develop the innovative financing tools required to fund these solutions.

Edward Till is the main contact person for all ITFA related matters.

Postal Savings Bank of China (PSBC) is a leading large retail bank in China, strategically focusing on providing financial services to communities, SMEs and ‘Sannong’ customers and is committed to meeting the financial needs of the most promising customers. Meanwhile, PSBC also actively serves large corporate customers, and participates in the construction of major projects, making tremendous contributions to China’s economic development.

With approximately 40,000 outlets and over 553 million retail customers, PSBC has shown its superior asset quality and significant development potential. In 2016, PSBC completed a successful IPO on Hong Kong Stock Exchange, and formerly entered the international capital market. They ranked 21st in terms of total assets by The Banker’s list of ‘Top 1000 World Bank 2017’.PSBC has achieved credit rating from Famous Investor Service as follows: Standard&Poor’s A (STABLE), Moody’s A2 (POSITIVE), Fitch Ratings A+ (STABLE).

Chuyan (Subrina) Liu will be the main contact person for all ITFA related matters.