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SMBC rolls back forfaiting
13 May 2009
Japanese trade bank Sumitomo Mitsui Banking Corporation (SMBC) is to lose half of its forfaiting team as part of a restructuring process.
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SMBC
Forfaiting
David Rees
structured commodity finance
Japanese trade bank Sumitomo Mitsui Banking Corporation (SMBC) is to lose half of its forfaiting team as part of a restructuring process. David Lilley who heads the team is leaving as is Bulut Bakla who is also part of the team. Both were based in London.
SMBC is also losing David Rees, assistant general manager within the structured trade and commodity finance (ST&CF) team at the bank in London.
The forfaiting team itself is being completely restructured and only two traders, David Ringer and Mark...
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