International trade credit insurer Coface has appointed Samuel Jesuratnam as country manager for Singapore, effective September 1.

Jesuratnam will be based in the firm’s Singapore office and will be in charge of business development of credit insurance in the market, as well as the office’s day-to-day operations.

He joined Coface in 2002 as country manager for India, where he and his team were responsible for the development of the company’s various business lines in the country, beginning with the formation of vital business partnerships for the core credit insurance business. Currently, it has four partners and has registered double-digit growth for the past five years.

Jesuratnam was also credited for setting up the firm’s Bangalore data centre in 2006, which handles bilateral tasks, business report production, and debt collection services. In 2012, he helped establish the group’s largest back office centre, also in Bangalore, which now handles over 60% of the Coface Group’s back office tasks.

Bhupesh Gupta, CEO of Coface for Asia Pacific, said: “Samuel's deep experience in trade finance and trade credit insurance, and long success in building Coface's India business, will help strengthen our presence in Singapore, a key strategic market for Coface.

“He will focus on continuing to grow our business through stronger partnerships and enhancing our product offerings to support and protect our local, regional and global clients from risk of creditor default. This is particularly relevant in Singapore which continues to be an extremely important hub for global trade.”


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