New debt syndicate head appointed.
New appointment for EMEA loan sales and trading team in Paris.
James Fenner has been named as the new head of capital markets for GE Capital in EMEA. Based in London, he will be responsible for all strategic lease and loan syndication activities and will oversee securitisation and alternative funding strategies.
The managing director of Alpen Capital, which advised India’s Jet Airways on its recent loan from a consortium of Gulf banks, expects a rise in cross-border financing this year.
Qatar National Bank Group has signed a €1.75bn term loan from a syndicate of banks, while Fitch Ratings has put the country’s banking sector on negative watch, with the increased amount of overseas debt taken on by the banks a significant factor.
Strong trade winds are blowing throughout Sub Saharan Africa. Pushing companies forward are rising oil and commodity prices, but throwing the continent’s businesses off course is a deterioration of trust after a spate of defaults and the end of cheap credit globally.
Islamic finance volumes fell off a cliff last year, but bankers are predicting a substantial increase in activity as more sovereigns from major Islamic finance hubs are turning to the international markets.