EFA Group, an independent asset manager specialising in trade finance, has expanded its management team with two senior hires.
Alain Vignon has been appointed as executive board member of EFA Group’s wholly-owned subsidiary in Geneva, Switzerland. In his new role, Vignon will help develop EFA’s brand and private debt products, with the objective to accelerate business origination as well as expand relationships with borrowers, banks and alternative credit providers across all the markets.
Prior to joining EFA, Vignon was global head of merchant banking and executive committee member at a large metal trading company where he originated, structured and arranged equity and debt for metals transactions. Before that, he held senior roles in LCF Rothschild, JPMorgan and UBS Warburg in the investment banking division in London and Zurich, focusing on leveraged, project, structured and acquisition finance.
Deep Singh has been hired as head of institutional solutions, a newly created role in the Singapore office. Singh will be responsible for product design and execution, strategic projects, and supporting the capital-raising process alongside EFA’s investor relations team.
Prior to his new role, Deep was head of APAC for risk distribution & structured trade finance business in Asia at Bank of America Merrill Lynch. He managed a $12 billion loan book and worked on marque Export Credit Agency financings across the region.
“Both Alain and Deep will bring fresh perspectives and drive our growth plans as EFA looks to expand our reach in the alternative credit market. I believe their wealth of experience in the industry will complement the strengths of our already-dynamic management team,” said Francois Dotta, chief executive officer of EFA Group.
The manager was selected as one of the investment managers for the TriLinc Global Impact Fund. The TriLinc Global Impact fund is an impact investing fund that provides growth-stage loans and trade finance to established small- and medium-sized enterprises in developing economies where access to affordable capital is significantly limited.
EFA has deployed over $5.4 billion in trade finance and term loan transactions globally, including over $107 million in term loan transactions in TriLinc’s target geographies of Vietnam, Malaysia, Indonesia, and the Philippines.