Coface Singapore appoints Fabien Conderanne as CEO, Country Manager

He will take over immediately.

According to a release, Fabien Conderanne has been appointed CEO & Country Manager for Coface in Singapore with immediate effect.

He shall also take over the responsibility as the Head of Structured Trade & Political Risk Insurance for Asia Pacific when Bernard Sauvage retires in the first half of 2013.

Fabien spent 8 years in various positions in the Group Finance Department at the Coface Head Office in Paris, heading the team in charge of Acquisitions, Asset Management and Financial Communication.

He then moved to Singapore in May 2009 when he was appointed as Regional CFO for Asia Pacific. As a Management Board member, he has played an important role in the setting up of Coface Asia Pacific as a single platform and the strengthening of the Finance function at regional level.

Fabien is a graduate of HEC School of Management (Paris) and Ecole Centrale in Lyon.

‘Fabien brings to his new role his knowledge of the trade credit and single risk businesses and his recognised managerial skills. His appointment outlines the importance of Singapore as a country in the future development of Coface in Asia Pacific, including Loan Insurance Scheme (LIS) in Singapore and Single Risk in Asia. I wish him success in his new role’, said Richard Burton, CEO of Coface for Asia Pacific.

Fabien Conderanne, CEO of Coface Singapore said ‘Singapore is the first market Coface entered in Asia in 1995. We have been successfully bringing different insurance products to assist banks and companies in Singapore and in other Asian countries to manage their trade risks. With the close collaboration of brokers and business partners, I will endeavour to further expand our business in the Singapore market and Asia.’