Global Supply Chain Finance Ltd. (GSCF), currently celebrating its 25th anniversary as a leading servicer of supply chain finance programs, has entered into a strategic alliance with Pemberton Asset Management (Pemberton), which is forty percent owned by the UK insurance group Legal & General. GSCF and Pemberton will be activating a financing platform for trade receivables and trade payables-based programs operating mainly on the basis of credit insurance, but also without insurance cover.
Symon Drake-Brockman, Managing Partner of Pemberton commented: “We have chosen GSCF due to its deep understanding of supply chain finance market dynamics and key stakeholders, in addition to its pro-business approach. Given our complementary capabilities and shared vision of the market’s need for alternative funding sources for trade financing, we envision a highly successful outcome of our joint project”. Kendall Stevens, CEO of GSCF Group added: “We are very happy to celebrate our 25th anniversary and establish this important alliance with Pemberton, as an addition to the service package we offer with our excellent network of banks”.
This new specialized financing platform will offer flexible and creative solutions to companies in sectors and with structures that traditional banks would not easily cover. Despite being in the receivables and payables financing space for a quarter of a century, we remain as innovative and passionate about what we do as when we were founded, with the advantage of considerable and extremely valuable experience
In addition, GSCF is pleased to announce the activation of some large receivables-based programs in the Americas and the Far East, where GSCF has been less present in comparison to its extensive market reach in EMEA.
To learn more about GSCF Group, please contact us.