Credit portfolio manager of the year: Crédit Agricole
Innovative structuring allowed Crédit Agricole to transfer trade finance risk to an arm of the World Bank, freeing up capital. The bank's CPM team also saw its role expand to cover liquidity and funding
Trade finance is a tricky product for credit portfolio managers to deal with – loan maturities may be relatively short, but the portfolios can still be large, and very few borrowers are covered by the credit default swap (CDS) market. This can make it difficult for banks to transfer credit risk to third parties, which is one of the ways a credit portfolio management (CPM) function earns its keep.
In June last year, Crédit Agricole Corporate and Investment Banking (CA CIB) showed it can be done
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