Issue 09 May / June 2011

Two new treasury services leadership team appointments have been announced by BNY Mellon. Susan Skerritt now leads global product management and strategic development, and Alan Verschoyle-King was named head of global sales and relationship management. Both will report directly to J. David Cruikshank, chief executive officer of BNY Mellon Treasury services. Formerly head of business strategy, development and investment for …

The Managed secure Messaging service provided by British Telecommunications (BT) is now available to fi nancial institutions in the Middle east. The service allows the fi nancial community to exchange messages securely, reliably and in a non-repudiable manner over BT private networks and the internet for all of its business activities. The service is designed to meet the security requirements …

There are long-term opportunities for the Middle east and north africa despite the short-term challenges being faced because of unrest, according to the IMF. It believes that the region will have the chance “to lay the foundation for a socially inclusive and more dynamic growth model”. But, in the near term, countries face multiple pressures stemming from higher commodity prices …

Dear reader, Against the odds, trade picked up across many regions in 2010, according to the International Chamber of Commerce (ICC) Trade and Finance Global survey 2011. however, high-pricing meant that traders in many low-income countries still faced diffi culties accessing aff ordable trade finance. Our article on the subject in this issue quotes Pascal Lamy, director-general of the World …