Electronic trade finance marketplace, LTP Trade, has expanded its operations into the United States and Brazil.
Dinsh Guzdar will head up the company's operation in North America. He previously was executive vice president at eCoupons.
Neri Infante will spearhead the promotion of the LTP trade finance marketplace in Brazil. Before joining LTP, Infante held positions with Unibanco, Banco Boavista Interatlantico and Banca Nazionale del Lavoro in Sao Paulo.
Luigi La Ferla, CEO, comments: "The marketplace has been proven in both Europe and Asia and we are now delighted to introduce these services into the North American and Brazilian markets.”
LTP trade currently has a presence in six countires. The company says the online marketplace has attracted 150 financial institutions as approved providers of trade financing and has turned over $300 million since inception.