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FIMBank President elected Chairman of International Factors Group
Margrith Lütschg-Emmenegger, President of Malta-based trade finance specialist FIMBank plc, was recently elected Chairman of the International Factors Group (IFG) during the association’s 51st Conference held in New Delhi, India.
By: FIMBank plc
Commenting on her appointment as Chairman of the IFG, Lütschg-Emmenegger stated that “The rapid global growth of this sector means that it is evolving at a different pace and in different directions in the various geographic regions. IFG will remain at the forefront, increasing both awareness and understanding of the role of factoring and asset-based lending as an efficient way to provide capital to small and mid-sized businesses. We will do this through our existing international programmes and regional plans, as well as by developing new strategic alliances and partnerships.”
Margrith Lütschg-Emmenegger has worked in Trade Finance with a focus on Forfaiting and Factoring for much of her career, first with Barclays Bank, and then with Midland Bank Aval in London, before joining West Merchant Bank (now WestLB AG), where she had global responsibility for Forfaiting and Factoring. Lütschg-Emmenegger joined FIMBank in 2003 as Executive Vice President responsible for Business Development, and was subsequently appointed President in 2004. Under her leadership, FIMBank has forged a reputation for developing factoring operations in emerging markets. To date, the Group has set up shop in India, Dubai, Lebanon, Egypt, Russia and Brazil.
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