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Mardi 8 Janvier 2013

Factors Chain International Appoints Peter Mulroy as Future Secretary General

Factors Chain International (FCI), a network of global factoring companies is pleased to announce that it has named Peter Mulroy successor to Jeroen Kohnstamm as its future Secretary General. Jeroen has been at the helm of FCI for over 40 years and will retire after the upcoming FCI Annual Meeting in Athens, Greece in June 2013. Peter officially relocated to Amsterdam in December and started his position as Deputy Secretary General on January 2nd, 2013.

“FCI is very pleased and excited to have Peter on our team as the future Secretary General” said FCI’s Chairman and CEO of TEB Factoring in Turkey, Cagatay Baydar. “Peter’s energy and commitment to the international factoring industry, coupled with his past factoring, trade finance, consulting and leadership experience will benefit FCI and the growth of our industry into the future. Peter is well prepared to lead FCI having served in our industry for nearly three decades, and is looking forward to working closely with our members, partners, and staff within the FCI Secretariat in Amsterdam.”

Prior to joining FCI, Peter was previously Senior Vice President, International Regional Factoring Manager with CIT’s Trade Finance unit in the US, a $40+ Billion financial services company and one of FCI’s original members. Peter also served on the management committee of CIT, supporting the global growth strategy of the company. Peter came to CIT through the acquisition of the factoring unit of SunTrust Bank, where he developed their international factoring business. Peter is a past Chairman of FCI, and has served on the FCI Executive Committee for over a decade. He has worked and lived previously in Europe and the Middle East. Peter received his Bachelor’s Degree from Rutgers University in New Jersey and his MBA from Thunderbird, School of Global Management in Arizona in the US.

Peter stated “The global domestic and international factoring industry generated more than €2 Trillion in volume in 2011, and the members of FCI account for nearly 60% of this total. International Factoring is the fastest growth sector in the global trade finance arena, having grown at an average rate of 20% p.a. over the past five years. FCI plays a critical role in supporting the growth of international cross border trade finance in the open account space by providing a sound and secure infrastructure to our members to conduct cross border finance against their client’s accounts receivables in 72 countries. Over the past 45 years, FCI has promulgated the General Rules of International Factoring (GRIF), built a robust technological infrastructure, developed a superior education platform, and created a marketing and distribution capability that supports a €300 Billion international factoring industry. I will continue to support these efforts by engaging with our members and develop new partnerships and opportunities in markets around the globe. Jeroen has played an instrumental role in the growth of international factoring over the past four decades, and he will leave FCI with the appreciation and gratitude of our industry’s present and past leaders. I look forward to working with Jeroen over the next six months to ensure a smooth transition.”

Founded in 1968, Factors Chain International (FCI) is a global network of leading companies, whose common aim is to facilitate international trade through factoring and related financial services. Headquartered in Amsterdam, Netherlands, FCI has over 260 members in 72 countries, and is by far the world’s largest factoring network, with member transactions representing 90% of the world’s international factoring volume.

Factors Chain International


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