- Demica Continues to Strengthen its Working Capital Solutions Team Through the Hiring of Peter Bousquet
London, March 22, 2018 – Demica, the specialist provider of working capital solutions to major corporates and banks, is pleased to announce the recent appointment of Peter Bousquet as Director, Working Capital Solutions as the company seeks to further expand and strengthen its coverage of corporate clients and key business introducers. Peter brings over a decade of experience in executing structured finance transactions having held senior business development positions at PEAC, J.P. Morgan, Lloyds Bank and GE Capital.
Maurice Benisty, Chief Commercial Officer, commented “We are very excited to welcome Peter to the Working Capital Solutions team. Over the course of the past six months, Demica has been mandated on 9 receivables finance transactions totalling $1.4bn and is in implementation on supply chain finance programmes with an expected asset base of $5.2bn across both banks and corporate clients. All programmes have been won on the strength of our technology platform, the purpose of which is to drive improved terms and rapid deployment to our customers. Peter will be responsible for further driving our growth with a specific focus on telecommunications financing solutions meeting the working capital demand arising from the rapid growth in cloud based products.”
Demica is a rapidly growing Fintech providing working capital solutions to large corporates and banks with a broad range of receivables, inventory and payables finance products. The company focuses on non-investment grade, multinational clients all over the world, across industries and sectors, requiring facilities of $50m – $750m+.
Over the past three years, Demica has materially expanded its origination, structuring, implementation and placement teams to enable it to offer a seamless end-to-end solution to a wide universe of clients. In parallel, significant investment in its proprietary technology platform has enabled it to automate complex, high volume programmes and release billions of dollars of trapped working capital from supply chains. Today, over $9bn of funding is outstanding on the platform, provided by a diverse range of banks and institutional investors.