Michel Meylacq is Finversity’s new Head of Distribution & Funder Relations. The London-based fintech company announced this at a time of growing recognition of supply chain finance (SCF) as a distinct asset class.
Key aspects of Michel’s new role will include developing relationships with new funders and investors, and ensuring that Finverity’s technology-enhanced solutions continue making SCF ever more attractive and easily accessible to funders. SCF offers low default rates, attractive yield and a limited correlation to the broader financial markets.
Michel’s role will mainly focus on growing current and new relationships with funders and investors in the asset class, which include local & international banks, asset managers, and alternative and specialist trade finance funds. As part of his role, Michel will also be involved in the structuring of transactions and insurance set-up, where required.
Michel brings strong experience in specialist credit origination, underwriting and distribution. Before joining Finverity, Michel was a sourcing and origination team member at SC Lowy, London, a global USD 2.5bn high-yield debt & special situations fund. Previously, Michel was a Vice President in Distribution, Funds & Portfolio Management at Greensill, London, where his role focused on establishing SCF as an alternative asset class.
From 2015 to 2019, Michel was a Senior Underwriter in Trade Credit and Trade Finance, at AIG, London. At AIG, Michel managed a portfolio of clients and deals with over USD 1.5bn net exposure, mainly focused on the commodity sector, managing the pools of receivables under both plain vanilla and securitized structures. With clients often operating in more challenging markets such as Africa or Latin America, Michel conducted extensive due diligence to underwrite complex credit limits including over 40 on-the-ground “buyer visits” assessing risk on the ground.
He holds a BSc (Hons) in International Business, Finance and Economics from Manchester Business School and is a Board member of Emerging Leaders of ITFA (International Trade and Forfaiting Association).
Speaking on his appointment, Michel Meylacq, Head of Distribution & Funder Relations, Finverity, commented: “Funders are increasingly recognizing that SCF ticks many of their boxes in terms of investment requirements. However, a stumbling stone for existing and prospective investors in SCF has been the lack of a transparent and straightforward channel and infrastructure through which to access this growing asset class. Finverity’s platform solves this challenge by providing a real solution with a host of features that place it well ahead of other available solutions and enables it to act as ‘rails’ for funders. I am delighted to be representing such a powerful offering to funders.”