BAFT Congratulates Graduates of the 2022 Future Leaders Program

May 4, 2022 by [email protected]

WASHINGTON – BAFT, the leading global financial services association for international transaction banking, today announced the graduates of its Future Leaders Program Class of 2022. The program – now completing its seventh year – recognizes upcoming leaders in the global transaction banking industry. The Future Leader graduates were honored at an in-person ceremony in Washington, DC on May 4 as part of BAFT’s 2022 Annual Global Meeting.

Nominated by their respective institutions, the class of 2022 included 35 individuals from 22 countries across six continents representing a variety of disciplines within transaction banking. This year’s group was divided into five project teams to address current industry issues including commercializing data, CBDCs, sustainability, digitizing trade finance, and ISO 20022.

“We are incredibly proud of this year’s Future Leaders class,” said Tod Burwell, President & CEO, BAFT. “Though the pandemic prevented them from meeting in-person at the beginning of the program, this cohort showed great resilience and commitment to their teammates and respective projects. With the graduation of the 2022 class, the BAFT Future Leaders program now has more than 200 transaction banking leaders amongst its alumni.”

BAFT Congratulates the Following Graduates from the Class of 2022:

Ahmad Hamza Hashmi, International Islamic Trade Finance Corporation (ITFC)
Akshat Jain, ANZ Banking Group
Alejandra Basañez Coppola, Banco Mercantil del Norte (Banorte)
Aluwani Thenga, Rand Merchant Bank
Anum Chaudhary, Bank of America
Attia Salim, ING
Ayah Al-Hneiti, The Housing Bank for Trade and Finance
Brandon Wells, Goldman Sachs
Cyril Finan, Deutsche Bank
David Willacy, StoneX Group
Dejna Zunic, Royal Bank of Canada (RBC)
Devon Falvey, Citibank
Elmi Gabobe, CAC International Bank
Farid Al-Masri, Arab Bank
Farid Samadov, Kapital Bank
Himath Kithsiri, Abu Dhabi Commercial Bank
Jon Boran, Lloyds Bank
Katherine (Katie) Belchere, PNC Bank
Khaled Berto, African Export-Import Bank (Afreximbank)
Kishore Kotian, Barclays Bank
Leos Hruz, BBVA
Marie Mohmand, Swedbank
Martin Cortazar Mueller, UBS
Min Jeong Chae, BMO (Bank of Montreal)
Mohit Mehtaji, HSBC Bank
Nadine Ghandour, BNP Paribas
Raphaël Scemama, Societe Generale
Ricardo Pacheco, City National Bank
Romain d’Apolito, UniCredit
Roselyn Najjuma, Standard Chartered Bank
Tomas Zaleckas, SEB
Tuomas Autero, Nordea
Valentina Polimeno, Intesa Sanpaolo
Viktoria Rudoj, Commerzbank
William Murray, Fulton Bank

About BAFT

BAFT, the leading global financial services association for international transaction banking, helps bridge solutions across financial institutions, service providers and the regulatory community that promote sound financial practices enabling innovation, efficiency, and commercial growth. BAFT engages on a wide range of topics affecting transaction banking, including trade finance, payments, and compliance.

BAFT Media Contact:
Blair Bernstein
Director, Public Relations
[email protected]
+1 (202) 663-5468

May 3, 2022 by [email protected]

Announced at the 2022 Global Annual Meeting in Washington, DC on May 3, BAFT is pleased to recognize the following individuals for their tireless commitment and contribution to the success of association and its work.

To publicly acknowledge individuals from member organizations who have volunteered their time and worked tirelessly with the association throughout the prior association calendar year, BAFT annually awards select members with the BAFT Ambassador of the Year Award.

Ambassadors of the Year are individuals representing member organizations recognized by BAFT on an annual basis. Following nomination submissions, annual honorees are chosen following a weighted voting process by BAFT staff.

Officially announced at the 2022 Global Annual Meeting, BAFT is honored to recognize the following individuals for the invaluable assistance they have provided to the association throughout the past year and for helping to continually drive the mission and vision of the organization forward.

Rana Beydoun, Head of Financial Institutions, BLOM Bank
Caryn Pace, Managing Director, Global Trade and Supply Chain Finance, Bank of America
Barry Tooker, Chief Product Officer & Global Head of Product Management, iSoftware4Banks

We would like to thank each of the awardees for their time and recognize their organization’s commitment to the advancement of transaction banking. Each honoree has been recognized respectively for their contributions to the advancement of sustainability and support of the association’s work in the Middle East; leadership in the LIBOR Transition Working Group and Future Leaders Program; and development of BAFT education and training programs.

Honorees received their official awards at the BAFT Ambassador of the Year awardee ceremony in Washington, DC on May 3, 2022.

May 2, 2022 by [email protected]

BAFT would like to congratulate its officers on their reelection to the 2022-2023 association year and also welcome new board directors from ABSA, Barclays, BLOM Bank, BMO, DBS Bank, Deutsche Bank, and Scotiabank.

WASHINGTON — BAFT, the leading global financial services association for international transaction banking, has announced that Maram Al-Jazireh of Arab Bank will serve as the Chair of its Board of Directors for the 2022-2023 association year.

Al-Jazireh is the Senior Vice President & Global Head of Financial Institutions at Arab Bank, as well as a member of its Financial Institutions Credit Committee.

“It is an honor to be reelected as the BAFT board chair,” said Al-Jazireh. “I look forward to another year working alongside my fellow officers and board members. We share an optimistic outlook for the association and remain committed to promoting transaction banking’s value to the financial services industry and its positive impact on global economies.”

Prior to joining Arab Bank in 2001, Al-Jazireh worked for financial institutions in Amman and Dubai and has served as Co-Chair of the BAFT MENA Council for the past two years. She is a member of the Governance Committee for a USAID funded MENA investment initiative in Jordan, a fellow of the Middle East Leadership Initiative (a member of the Aspen Global Leadership Network) and founder of Mid The Art Reach Project. Al-Jazireh grew up in Kuwait and graduated from Oklahoma State University with a major in accounting.

BAFT board officers include:

Vice Chair: Suresh Subramanian, BNP Paribas
Secretary / Treasurer: Amy Sahm, Fulton Bank

Other directors include:

Michelle Knowles, ABSA
Tod Burwell (CEO), BAFT
Paul Taylor, Bank of America
Maurice Iskandar, Banque Libano-Française
Sabry Salman, Barclays
Rana Beydoun, BLOM Bank
Karin Walchshöfer, BMO (Bank of Montreal)
Sriram MuthuKrishnan, DBS Bank
Miriam Ratkovicova, Deloitte
Russell Brown, Deutsche Bank
Robert Mancini, Finastra
Aaron Zynczak, First Citizens Bank
Nick Smit, ING
Robert Hostler, JPMorgan Chase
Andreas Meletiou, Mashreq Bank
Steven Lotito, MUFG
Patrik Havander, Nordea
Dyanne Carenza,Scotiabank
Kevin Holmes, Standard Bank
George Lee, Standard Chartered Bank
Tarik Muzaffar, TD Bank
Mark Garfield, Zions Bancorporation

BAFT Media Contact:
Blair Bernstein
Director, Public Relations
[email protected]
+1 (202) 663-5468

April 26, 2022 by [email protected]

Montserrat Premier and Members of the Caribbean Association of Banks to Discuss Banking on Visit to the U.S. at the 2022 BAFT Global Annual Meeting.

MONTSERRAT/WASHINGTON – The Premier of Montserrat, Hon. Joseph E Farrell will be on overseas duty from April 23 to May 5, 2022 as he will be attending meetings in Miami and Washington, DC.

Premier Farrell, whose portfolio includes Tourism, will attend the Seatrade Cruise Global Conference in Miami Beach, Florida from Monday April 25 to Thursday April 28, 2022. His delegation will include the Director of Tourism, Rosetta West-Gerald; Project Manager at the Tourism Division, Charlesworth Phillip and Private Sector Representative, Tour Operator, Roselyn Cassell-Sealey.

In addition to their attendance at the conference which includes workshops, the Montserrat delegation will also attend meetings with several cruise liners and will have an opportunity to display Montserrat branded collateral during the Expo which runs from April 26 to 28. The Montserrat Port Development project will also be highlighted during the week long activities.

Following this meeting, the Premier & Minister of Finance will travel to Washington, DC for the May 1-4, 2022 BAFT Global Annual Meeting.

The meeting will provide an opportunity for the Caribbean Association of Banks (CAB) Member Banks to network with North American banks at the largest correspondent banking event in the United States where industry professionals will be able to network, conduct bilateral meetings, and engage in topical discussions and sessions on the global transaction banking industry.

There will also be a Caribbean Banking Roundtable hosted on May 2, 2022 where BAFT and CAB will convene a group of Caribbean and U.S. Banks along with respective governments together in one room to discuss challenges in correspondent banking for the Caribbean community and opportunities to engage with North American banks.

BAFT Media Contact:
Blair Bernstein
Director, Public Relations
[email protected]
+1 (202) 663-5468

April 8, 2022 by [email protected]

In Q4 2021 the Financial Accounting Standards Board (FASB) and the International Accounting Standards Board (IASB) released proposed amendments to their accounting standards that will require buyers of goods/services who use supplier finance programs/arrangements in respect of their payables to disclose key terms of those supplier finance programs in their financial statements.

The purpose of the proposals is therefore to enable investors, creditors, and other stakeholders in respect of a buyer to assess the effects of supplier finance programs on such buyer’s liabilities and cash flows by requiring a buyer to provide both quantitative and qualitative disclosures regarding its use of supplier finance programs. Both FASB and IASB do make clear in their proposals though that the proposals will not deal with how a payable which forms part of a supplier finance program should be characterized on the balance sheet of a buyer.

BAFT, through the collaborative efforts of members of BAFT’s Supply Chain Finance Working Group, was invited by FASB and IASB to provide comment letters in response to their respective proposals.

BAFT strongly supports the goal to achieve increased transparency in the reporting of Supplier Finance Arrangements. However, we also believe that fostering increased understanding of supply chain finance, its benefits, and how it can be best used in line with standard market practice is crucial to achieving this goal.

April 4, 2022 by [email protected]

BAFT has named Deepa Sinha as its new Vice President of Payments and Financial Crime. Sinha will lead the association’s payments, cash management and financial crime-focused policy initiatives.

WASHINGTON – BAFT, the leading global financial services association for international transaction banking, has named Deepa Sinha as its new Vice President of Payments and Financial Crime. Sinha will lead the association’s payments, cash management and financial crime-focused policy initiatives, as well as support its related councils and committees.

Sinha will work to advance the goals of the payments and cash management industry through standardization, defining best practices and developing usable industry data. She will also be responsible for formulating policy recommendations and educating industry stakeholders including practitioners, regulators, policymakers and the broader business community.

“I’m excited for Deepa to join BAFT,” said Tod Burwell, President & CEO, BAFT. “Her experience in corporate treasury and consulting roles provides her with a unique perspective on critical cash management and financial crime issues that affect our members. With the rapid pace of change in this space, her experience will be quite valuable in driving issues forward.”

Prior to joining BAFT, Sinha accumulated more than 25 years of treasury and cash management experience at both corporations and banks. She formerly served as Treasurer at Caliburn International, now Acuity International, where she oversaw cash forecasting, working capital and debt management, and implemented policies and banking technology to support all core treasury functions. As the Associate Vice President of Banking Operations and Relationships at the Carlyle Group, she developed the cash management, FX and banking platforms, and built and managed the infrastructure for multicurrency cash management across 5,000+ bank accounts at more than 100 global banks. She also served on both the JPMorgan Chase Treasury and Wells Fargo Treasury Advisory Councils. Sinha is a graduate of George Mason University where she received a bachelor’s degree in government and global systems management.

BAFT Media Contact:
Blair Bernstein
Director, Public Relations
[email protected]
+1 (202) 663-5468

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