- Demica hires Anthony Hernandez as our new Chief Operating Officer to expand internal operations and logistics
Demica, the specialist provider of working capital solutions to major corporates and banks is pleased to announce that it has appointed Anthony Hernandez as Chief Operating Officer.
In his new role, Anthony will be responsible for managing Demica’s operations teams, including overseeing new client implementation and post go-live support as the company continues its rapid growth. Anthony joins from GE Capital where he was Global Operations Leader – Working Capital Solutions managing the funding and factoring operations for 250 clients covering $55bn in financial asset volume. Other roles in his 20-year tenure at GE Capital included leading the Operational Excellence strategy at the Leveraged Finance division and being responsible, following the decision to breakup GE Capital, for managing the business separation and transitions to the acquirers of the Corporate Finance unit and the Czech Consumer Bank. He will report to CEO Matt Wreford.
Matt Wreford, CEO, commented, “We are excited to work with Anthony to expand our implementation capabilities and strengthen our customer service while ensure that our operations are efficient as possible. Anthony’s strong process orientated approach is a great match to Demica’s core value proposition to simplify and automate global trade finance.”
“Having invested heavily over recent years in its scalable technology platform and a world class origination, structuring and programme delivery team, Demica is uniquely placed to further grow its global operations capabilities. With banks increasingly narrowing their geographic focus this is a very exciting opportunity to further develop Demica’s platform serving customer needs across multiple jurisdictions and to build a global leader in working capital solutions.” added Anthony.
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. With a 20-year track record, 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 following its change in ownership, 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 with an exciting pipeline of new products and services for 2019 and beyond. Today, over $9bn of funding is outstanding on the platform, provided by a diverse range of banks and institutional investors.