Tradeteq appoints Latham & Watkins Counsel as Head of Structuring
Tradeteq, the technology provider for bank asset distribution, has announced the appointment of James Baxter as the company’s Head of Structuring.
The news follows Tradeteq’s recently completed Series A funding round and is part of the company’s investment into expanding the team and its products.
Having worked in the capital markets department at Latham & Watkins for the past thirteen years, Baxter brings a powerful combination of capital markets and legal expertise to Tradeteq. During his career in law, he represented investment banks, issuers, sponsors, investors and trustees on a wide variety of capital markets transactions, including trade finance repackaging.
Tradeteq provides banks, credit insurers and asset managers with technology that repackages trade finance into investable assets. Its technology automates and streamlines the asset distribution process and reduces friction costs for clients. Baxter will play a key role in helping trade finance originators to structure and package their loans into standardised, transparent and investable notes that can be sold to investors.
Nils Behling, Co-Founder and CFO at Tradeteq, says: “Banks and institutional investors are increasingly seeing trade finance as a safe, stable and viable addition to their portfolios. Creating the infrastructure to support this new asset class requires in-depth knowledge of international regulatory frameworks and capital markets. James will be a crucial member of our team as we continue to build the hub for trade finance distribution, and achieve our vision to make trade finance accessible to a broad range of investors.”
Baxter adds: “It’s clear that banks can no longer be the sole providers of trade finance funding, as balancing the requirements of international regulatory frameworks like Basel IV while supporting the world’s businesses is becoming increasingly challenging. This is where Tradeteq can play a transformative role. It has the potential to have a real impact on the global economy and is a solution that has been long overdue. I’m eager to lend my expertise to help make trade finance more efficient for originators, businesses and institutional investors.”