International trade finance institution FimBank plc has announced the appointment of three key senior executives. Mircea Corneliu Frasineanu has joined the bank as first vice president and project manager, factoring joint ventures, while Antonio Salgueiro has taken on the role of first vice president and of head Mediterranean factoring. Karim Kadar has been appointed vice president within FimBank’s corporate and institutional banking department.
Armin Eckermann, FimBank’s head of banking and deputy president, said: “Mr Frasineanu, Mr Salgueiro and Mr Kadar, who are all top specialists in their respective fields, constitute an important addition to FimBank’s team of experienced and highly skilled professionals. Their appointment underlines our commitment to give our clients the best service possible. We are confident that they will contribute effectively towards the achievement of the bank’s strategic objectives and in fostering ever stronger relationships with clients and partners worldwide.”
Mr Frasineanu, a Romanian national, joins FimBank after a four year stint at Benefica S.A., a holding company based in Bucharest, where he last held the post of deputy general manager. His career path has also taken him through experiences at Raffeisen Bank, Demir Bank, Bankcoop and the Manufacturers Hanover Trust of the Chemical bank (Chase Manhattan Corporation.
The 25-year career of Portuguese-born Mr Salgueiro spans a number of top Lusitanian financial institutions including Banco Português do Atlântico, S.A., Heller Factoring Portuguesa S.A., the ‘Valentim de Carvalho’ Group as well as Eurofactor Portugal – Sociedade de Factoring S.A. Mr Salgueiro’s career reflects a bias for the specialist trade finance area of factoring, which has shown particularly extensive growth in Portugal over the past decade.
Mr Kadar has joined FimBank from Abu Dhabi Commercial Bank (ADCB), where he was head of the structured trade finance business department. Prior to his appointment at the ADCB, Mr Kadar had spent five years as head of trade finance at Afrinvest in London, where he managed all aspects of an oil and gas portfolio.
Mr Kadar’s CV also features extensive experience as an international banker during which he has focused on corporate banking and fund management business with the Union National Bank of Abu Dhabi, Fidelity Bank and Merrill Lynch.