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|Demica continues hiring momentum|
|Tuesday, 14 June 2016|
Demica, the specialist provider of working capital solutions to major corporates and banks is pleased to announce that it continues to strengthen its team in London. It has recently hired a range of key professionals to support the ongoing development of both the origination, structuring and transaction management services as well as its proprietary technology platform that enables the financing of over $50bn of trade receivables each year.
In May, the Firm added three key new roles including:
• Mansour Davarian as Associate Director of Origination to support the origination of Trade Receivables and Supply Chain Finance transactions via the seven person origination team.
• Markus Musielak as a Director of Structuring, working closely with Demica’s clients and partners to deliver effective trade finance and supply chain finance solutions.
• Luke Thompstone as Senior Infrastructure Engineer. He is completing the migration of Demica’s technology infrastructure to Microsoft’s cloud platform, Azure, and supporting Demica’s data centres and other technology infrastructure investment.
Matt Wreford, Demica’s Chief Executive Officer said, “There is real demand from large multinationals for working capital solutions. Last week we announced that Demica is mandated on over $1bn of transactions for clients across North America & Europe. Our ability to act as an independent arranger and manager of these programs, working closely with the banks and institutional investors funding them, means that we are seeing substantial client interest and have a corresponding requirement to bring more people on board to support this. These individuals all have top-level financial or technology experience, bringing additional skills and resource to our rapidly growing platform.”
In addition to the roles above, Demica has made further hires to its development and operations teams including Dario Avella as a Developer, Gloria Orera as a Consultant, and Aoife Doherty as Junior Office Manager.
Mansour Davarian joins Demica from Hitatchi Capital where he was European Business Development Manager with responsibility for developing group financing strategies for Hitachi Capital, its group business and European clients. He previously spent seven years at HSBC in a variety of roles including most recently as part of the Asset Backed Finance team with a focus on securitizing consumer, auto, trade and mortgage backed receivables on a non-recourse basis. Mansour has a BA in Accounting and Financial Management from the University of Sheffield and an IFS Diploma in Financial Services Management. At Demica he will report to Tim Davies, Head of Origination (Europe).
Markus Musielak was previously a consultant at Northern Trust where he was responsible for leading the process to execute legal deliverables for Northern Trust’s T2S strategy. He was previously a consultant at Citibank and BNP Paribas. Prior to this he was an Executive Director for Corporate and Structured Finance Products at West LB. He has a law degree and a Bachelor of Science from the University of Wollongong in Australia. He will report to Francois Terrade, Head of Structuring (Europe).
Luke Thompstone was previously an IT Manager and Consultant at CoreAzure Ltd where he was responsible for managing IT systems and services for the Methods Group and consulting on Microsoft Office and Azure cloud services for public sector clients. He previously spent 12 years at PLR Consultants as Systems Administrator and Consultant, completing a range of complex core IT projects for both the public and private sectors. He has a Bachelor of Science from Middlesex University. He will report to Lear Specketer, Demica’s IT Manager.
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