Mizuho appoints new leader for export finance in EMEA region
In a strategic move to bolster its presence in the European market, Mizuho Bank has appointed Tim Lamey as the head of Export and Structured Finance, EMEA. Based in London, Lamey reports to Motoo Matsumoto, head of Mizuho's global finance department for EMEA.
Lamey, who brings over 25 years of experience in export finance, joins Mizuho after a 15-year tenure at BNP Paribas, where he most recently served as the head of export finance for Asia Pacific, based in Singapore.
In his new role, Lamey's primary focus is on growing Mizuho's presence and capabilities in the Export Credit Agency (ECA) backed financing space. He aims to achieve this by leading and expanding the bank’s export finance and structured finance activities across Europe, the Middle East, and Africa.
### Key Areas of Focus
Lamey's role involves three key areas:
1. **Leadership of Export and Structured Finance:** Overseeing Mizuho’s export finance operations, including structuring complex financing solutions for clients engaged in international trade. 2. **EMEA Regional Development:** Driving growth and business development throughout the EMEA region, tailoring financial products to local market needs. 3. **Strengthening ECA Relationships:** Enhancing partnerships with Export Credit Agencies to increase transaction volumes backed by ECA guarantees or insurance, which help mitigate risk and enable larger financing deals.
### Goals for Expanding Mizuho’s ECA Business in EMEA
Lamey's strategic goals include:
1. **Growing ECA-backed Loan Portfolios:** Increasing the volume of ECA-supported export finance, leveraging Mizuho’s global network to facilitate cross-border trade. 2. **Enhancing Product Offerings:** Developing innovative structured finance solutions combining ECA support with other financial instruments to meet complex client requirements. 3. **Building Client and Partner Networks:** Expanding relationships with multinational corporates, financial institutions, and ECAs to drive deal flow and market share. 4. **Leveraging Market Expertise:** Utilizing deep knowledge of the EMEA markets to identify emerging opportunities and risks, positioning Mizuho as a preferred lender in export and structured finance.
Despite the current market challenges, such as low oil and gas prices, the China slowdown, and political uncertainties, Lamey sees opportunities to rebuild the transaction pipeline and broaden Mizuho's exporter and borrower relationships. Mizuho has been involved in the European ECA space for about four to five years, and Lamey's appointment is a clear indication of the bank's commitment to building up its European ECA business.
Lamey started his new role last week, ready to lead Mizuho in its mission to provide tailored, innovative financing solutions that support international trade and investment.
In his new role as the head of Export and Structured Finance, EMEA at Mizuho Bank, Tim Lamey aims to strengthen the bank's presence in the Export Credit Agency (ECA) backed financing space by leading the expansion of its export finance and structured finance activities across Europe, the Middle East, and Africa. His strategic goals include growing ECA-backed loan portfolios, enhancing product offerings, building client and partner networks, and leveraging market expertise to rebuild the transaction pipeline and broaden Mizuho's exporter and borrower relationships. This move is part of Mizuho's commitment to bolstering its presence in the European market, demonstrating its dedication to the finance, business, and banking-and-insurance industries.
