London, UK – Channel Capital Advisors LLP (“Channel”) has announced the launch of its new Global Advisory Board (CGAB). The board provides advice to Channel in its pursuit of being a leading, technology enabled provider of business finance. The board advises both on issues pertaining to digitalisation and adoption of FinTech solutions to scale our business as well as advising on specific industry and financial services developments impacting our markets, clients and investors.
Marcus Fedder has been named Chairman of the Channel GAB. Marcus brings a wealth of financial services, capital markets, and governance experience to this role including NED and chairman of the Risk Committee of TCX in Amsterdam, Director of the IFFIm (International Finance Facility for Immunisation) affiliated with the World Bank and Gavi Alliance, Vice Chair of TD Securities (a unit of the Toronto Dominion Bank) and Treasurer of EBRD. He will lead the board in the provision of advice and counsel to both the management team and key portfolio managers.
Joining Marcus on the board is Varda Shine (a Channel Deputy Chair and previously CEO of De Beers Trading Co), Susanne Chishti (FinTech board member and CEO of FinTech Circle which provides seed investments to new FinTech firms as well as providing educational programs and digitalisation acceleration to its partners), Lisa Gibbard (previously Chief of Operations, Technology and Business Transformation at Aspen Insurance), Duarte Pedreira (Head of Trade Finance at Crown Agents Bank), and Jim Sutcliffe (previously Group CEO of Old Mutual Plc, CEO of Prudential UK, Chairman of SunLife, Chairman of Cover Genius, and advisory board member of Certua).
Marcus Fedder, Chairman, opened the meeting on Monday October 7th 2019 by explaining that the global working capital market is experiencing tremendous growth, citing recent International Chamber of Commerce (2018) growth figures for supply chain finance, receivables financing and trade finance activity. He looked forward to Channel’s continuing growth in these markets in a technology-enabled fashion. Marcus added “Channel has experienced exceptional product growth in terms of the provision of business finance globally, with recent team additions and management line-ups adding further firepower to its efforts.”
Walter Gontarek, CEO and executive committee Chairman added that “Channel is now expanding its working capital offering to SMEs, trade finance and debt market clients on the back of growth in its funding activities. The Channel GAB will be an important player in advising my colleagues in prudent expansion of our activities”. Paul Wilson, CIO added “One area of particular interest for the team is the growing role we are playing in providing acceleration and debt capital to firms in the FinTech space. I look forward to partnering with the Channel GAB to expand our activities here”.