Monetago has hired Ian Milne as head of sales in the Asia Pacific region. The appointment is effective immediately.
“The entry into force of the Regional Comprehensive Economic Partnership (RCEP) has opened up new opportunities for trade across the region, but this growth risks being held back by the trade finance gap, which disproportionately impacts developing Asia,” said Jesse Chenard, CEO and founder of MonetaGo in an April 18 press release. “Having Ian on board will take MonetaGo closer to its goal of providing the Secure Financing system to all trade financiers, enabling more trade finance to get to where it’s so desperately needed.”
Based in Singapore, Milne will oversee the financial technology solutions provider’s collaborations with trade financiers in the region interested in adopting the secure financing platform, according to the release.
The executive brings more than 30 years of senior banking experience with him, accumulated through senior roles at Fortis, Standard Chartered, HSBC and most recently, Rabobank, the release stated.
He has made significant contributions to the development and operational structure of “procedures and frameworks to provide sanctions, anti-money laundering and anti-terrorist financing compliance on all commodities and structured trade finance facilities,” according to the release.
“Throughout the course of my 32-year career, I’ve had a front-row seat to some of the major fraud defaults that have rocked trade and commodity finance, all of which brought into sharp focus the need for a solid understanding of the industry,” Milne said. “MonetaGo’s Secure Financing system provides a compliant means by which banks can share information on potential risks, solving for the problem of duplicate financing in trade once and for all.”