Dec. 14, 2010 -
PRLog -- The Board gave a mandate to Jean-Marc Pillu to define over the coming weeks a strategy for Coface that is in line with Natixis’ strategic plan. He will manage this new phase in the development of Coface, one of the world leaders in credit insurance.
Jérôme Cazes left Coface due to differences of opinion with the shareholders. The Board wished to underline the immense contribution of Jérôme Cazes over the last number of years.
ENDS
For information about Coface and press enquiries, please contact:Trevor Byrne, Tel: +44 (0)1923 478393;
Email: trevor_byrne@
cofaceuk.com
Website: http://www.cofaceuk.com
About CofaceCoface's mission is to facilitate global business-to-
business trade by offering its 130,000 customers four business lines to fully or partly outsource trade relationship management and to finance and protect their receivables:
credit insurance, factoring, ratings and business information and receivables management. Thanks to the worldwide local service delivered by 6,600 staff in 67 countries, over 45% of the world's 500 largest corporate groups are already customers of Coface. Coface is a subsidiary of Natixis whose share capital (Tier 1) was 12.8 billion Euros end June 2010.
www.coface.com
In the UK and Republic of Ireland Coface has been a leading provider of credit management services (
http://www.cofaceuk.com/CofacePortal/UK/en_EN/pages/home/...) since 1993, its objective being to enable businesses to trade securely at home and overseas. Operating from offices in London, Dublin, Watford, Birmingham, Leeds and Cardiff allows Coface to provide a local service. The company’s credit insurance offer integrates credit assessment, collection services and cover for unpaid debts. Multinational businesses can protect their worldwide subsidiaries through Coface’s international network. Coface provides working capital and off balance sheet facilities to complement its product line. The company also provides access to domestic and international business information and a collection network at home and overseas. Coface is also a recognised operator in the London political risk market and a provider of surety bonds and guarantees.
www.cofaceuk.com and www.coface.ie
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We offer trade credit management solutions from credit insurance to related services such as credit reports, online credit ratings, debt collection, and receivables finance, our holistic approach to credit management gives you greater flexibility.
