LONDON, February 9, 2011 /PRNewswire/ -- Delta Trade Finance, the specialist provider of payables finance programs for mid and large corporates purchasing from China, has opened its New York office. This complements its existing presence 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.
Delta Trade Finance is part of the Three Delta group of companies, a respected investment management business focusing on the banking and real estate markets.
Tony Brown, a leading US trade financier and asset based lender, joins DTF as Managing Director Sales USA based in New York. Tony has previously held executive management positions with First Capital, GMAC Commercial Finance, MTB Bank and Manufacturers Hanover Corporation.
Brown comments: "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. 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."
Tony joins Linda Ayles-Johnson, who is responsible for business development, in the western half of the USA and is resident in Los Angeles. Linda says: "When it comes to enhancing relationships with Chinese suppliers, importers need a partner like us with the experience and presence necessary to deliver the right finance solution."
Lionel Taylor, Chief Executive of Delta Trade Finance, adds: "I am delighted that someone of Tony's experience has joined us to drive the group's expansion. We will continue to recruit experienced finance industry professionals to strengthen our business development teams in Europe, as well as building on our strong presence in China."
Taylor continues: "China's economy is enjoying unprecedented growth and Delta Trade Finance is primed to help strengthen trading relationships between importers and their Chinese suppliers. With our experienced team in the West and in the main trading regions of China, we are well placed to support the trade flows emanating from China to the main Western markets".
http://www.deltatradefinance.com
For more information, please contact: <start_tbale>
Lionel Taylor at l.taylor@deltatradefinance.com, +44(0)20-7788-8009.
Tony Brown at t.brown@deltatradefinance.com, +1-646-998-8140
Linda Ayles-Johnson at l.johnson@deltatradefinance.com, +1-310-601-8187
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