Hamdi Arman appointed in Managing Board

16.09.2009

“Appointment fits in strategy to further expand in trade and commodity finance” 

The Supervisory Board of Credit Europe Bank N.V. is pleased to announce the appointment of Mr. Hamdi Arman (43) as member of its Managing Board following approval of De Nederlandsche Bank (Dutch central bank). The appointment fits in the bank’s strategy to further expand its trade and commodity finance services and to offer these services from an increasing number of regional hubs. 

Hamdi Arman will be ‘Global Head of Trade and Commodity Finance’, which means that he will have a group wide responsibility for these specific banking activities. Mr. Arman, a civil engineer who holds an MBA in Finance from Bentley College, Boston, joined Credit Europe Bank in 1995. He started his career at the bank in Geneva, Switzerland, moved to Frankfurt, Germany, in the year 2000 and is working in Amsterdam since 2002.

Credit Europe Bank belongs to the world wide top 20 trade and commodity finance houses, offering tailor-made products and solutions. Clients are serviced mainly from the Amsterdam office, in strong coordination with the bank’s regional hubs. In 2008, the bank’s international trade volume increased to a record level of US$ 12.5 billion.

Maarten Hulshoff, Chairman of the Supervisory Board of Credit Europe Bank N.V.:
“We are very happy to have Hamdi Arman in the Managing Board, as he has shown dedication and excellence since starting his career at the bank. His appointment proves the strength of the bank’s human resources policy, aimed to educate and train its managers on the job”.

Turhan Cemal Beriker, Chief Executive Officer of Credit Europe Bank N.V.:
“Notwithstanding the financial turmoil, Credit Europe Bank has grown considerably in the year 2008 with sound profitability, largely due to its growing activities in trade and commodity finance. Given Credit Europe Bank’s ambitions in this field, we welcome Hamdi Arman and we are glad to have his expertise in the Managing Board”.

The Managing Board of Credit Europe Bank now includes:
Mr. Turhan Cemal Beriker, Chief Executive Officer
Mr. Şenol Aloğlu, Deputy Chief Executive Officer
Mr. Umut Bayoğlu, Chief Financial Officer
Mr. Yavuz Tayfun, Chief Credit and Risk Officer
Mr. Hamdi Arman, Global Head of Trade and Commodity Finance

Background on Credit Europe Bank
Founded in 1994, Credit Europe Bank N.V. has grown towards a solid, international financial services group, ranked in the top 10 of Dutch banks with a total balance of around €10 billion. Serving around three million customers worldwide, the Bank’s mission is to offer tailor-made corporate banking services and easy-to-use and efficiently delivered retail products.

Further information:
Robert Bakker       
T: + 31 20 357 8069 / + 31 6 5152 7441   
Robert.bakker@crediteurope.nl   

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