Almastone Made Double Appointment For Origination Expansion
Recently, AlmaStone has added two new hires to grow and extend its origination abilities in Africa and Latin America. AlmaStone is an elective trade and supply chain finance provider with tremendous activities in the soft commodities sector.
Last week, Sam West joined as the head of origination for Africa and has been assigned the task of developing the current portfolio of the firm in the region with an emphasis on corporate individuals in the agri-business and soft commodities space.
Earlier, West was appointed in FBN Bank UK to handle the tasks of various soft commodities, trade finance, and business development throughout the previous decade. Most recently, he had been providing his services as the head of soft commodities since late 2019.
Along with the appointment of West, the company has also initiated the election of Mauro Nunes as Latin America head at the beginning of February. Based in São Paulo, he has been assigned tasks with originating businesses in the area.
After spending nearly a decade, i.e. over 13 years at agri-business giant Bunge as a business development director within the Bunge Financial Services Group (FSG), he moved.
During his tenure, he was responsible for enhancing the funding services on offer from Bunge FSG in Latin America including activities of trade and structured finance as well as financial risk management and ESG facilities.
Both of these new elections are entitled to report to AlmaStone partner Jan Kees van der Wild.
The main agenda of Almastone is highly focused on agri-business and soft commodities having been introduced in 2017 as a service provider of finance solutions for firms involved in trade along with pre-export or prepayment financing, inventory funding, as well as receivable discounting.
The London-based firm operates to provide short and medium-term funding facilities to companies in at least two areas including Africa and South America. The website of Almastone is supported by “long-term institutional capital”.
Apart from these latest new hirings, the company now has nearly 20 employees based in the US, UK, Brazil, and Switzerland.