Delta Trade Finance Expands

February 6, 2011  by in UnCategorized   

By Home Furnishings Business in sourcing/importing on February 7, 2011

Delta Trade Finance, a specialist provider of payables finance programs for companies purchasing from China, has opened a New York office.

Trade finance and asset-based lender Tony Brown, who joined the company as managing director of U.S. sales, is based in the New York office. Brown previously held executive management positions with First Capital, GMAC Commercial Finance, MTB Bank and Manufacturers Hanover Corporation.

"I am delighted that someone of Tony's experience has joined us to drive the group's expansion," said Delta Trade CEO Lionel Taylor. "We will continue to recruit experienced finance industry professionals to strengthen our business development teams in Europe as well as continuing to build on our strong presence in China."

The New York office joins existing locations in London and Los Angeles, and deep regional footprint in China where its Chinese subsidiary, Delta (Tianjin) Supply Chain Financial Service Ltd. is one of the only foreign-owned finance companies to have been granted a local factoring license. 
 
"Our presence gives us a unique insight into the marketplace and enables us to create finance solutions that satisfy the needs of buyers and suppliers alike," Brown said. "Working closely with importers and Chinese suppliers, we pay sellers in advance while delivering unsecured extended payment terms for creditworthy importers. The result is a potent and profitable partnership that reduces risk to both parties, improves cash flow and, ultimately, strengthens trading relationships."

Delta Trade Finance is part of the Three Delta group of companies, an investment management business focusing on the banking and real estate markets.