Crown Agents Bank appoints new Head of Payments and Cash Management
Published: November 30, 2016
- Senior hire forms part of the bank’s drive to help connect companies with emerging markets, and provide international banking services to those institutions affected by global bank retrenchment.
London: Crown Agents Bank, a leading wholesale bank for emerging markets, has made Steven Marshall Head of Payments and Cash Management. The senior appointment will serve to build the bank’s network of partner institutions in its core markets – in Africa, the Caribbean and South East Asia – and strengthen relationships with OECD-based clients looking to tap those markets. Marshall will also focus on shaping the strong internal systems capabilities that underpin international payments and cash management.
Marshall brings 15 years of treasury and transaction banking experience, joining from the UN’s Migration Agency, the International Organization for Migration (IOM), where he served as Treasury Consultant. Prior to that, he held senior positions in the transaction banking department of Standard Chartered, most notably as Global Head, Public Sector and Development Organisations.
“It’s exciting to be involved in building a transaction bank distinct from what the rest of the banking market has to offer,” says Marshall. “There is a certain split today between international and local banks, and this can present substantial challenges to treasurers. Crown Agents Bank has the opportunity to be the ‘bridge’ between the two.”
He adds: “I’m also especially keen to see the bank help connect development-sector and corporate clients in OECD countries with emerging and frontier markets. This will rely on providing cutting-edge technology, geographic reach across countries, partnerships with local banks on the ground, and greater transparency on risk in those markets. Working across such a large network of diverse regions, we must remain focused on the significant amount of detail – on risk and opportunities – required in each and every country in order to best serve our clients.”