2nd April 2019 – Deutsche Bank has appointed Sandra Hack as Global Head of Structured Commodity Trade Finance. Sandra Hack takes over from John (Mac) MacNamara who set up the original desk in 1999 and has been appointed Vice Chairman, Trade Finance Commodities. In this newly created role he will be responsible for the commodities strategy of Trade Finance & Lending and key relationships on the client and investor side of the business. Mac continues to lead the Commodity Trade Finance business. Sandra and Mac will report to Daniel Schmand, Global Head of Trade Finance.
Sandra Hack joined Deutsche Bank in 1993 and held senior roles in Corporate and Investment Banking, Relationship Management and Credit Risk Management in Asia, in the UK, and Germany. Since 2011 she has been heading Credit Risk Management Workout & Recovery Management EMEA, playing a vital role in de-risking critical client relationships. Sandra continuous to be based in Berlin.
Deutsche Bank’s Structured Commodity Trade Finance is an award-winning franchise targeting financing for commodity corporates (producers, traders, processors, including midstream and downstream) structured around their trade flows and/or physical collateral, and focussing on the larger, big ticket syndicated transactions.
“There’s a cycle in commodities which, at the bottom, can put stress on some commodity companies even before extraneous factors like political risk come into play,” notes Hack. “Over the last years I have seen how Structured Commodity Finance solutions can work successfully under these stressed scenarios, which has made me an SCTF fan. I’m very excited to be entrusted with leading this experienced global team into its next growth phase.”
John MacNamara adds, “Over the years I’ve seen Sandra in very successful action in both emerging and developed markets in what were some very challenging situations, working with some of our most important clients. She is a natural fit for this business and has a very good feel for what works and what might not. She’s also a great professional when it comes to achieving consensus between banks and clients in this syndicated end of this market. No secret that we’ve been trying to get her to come across to Structured Commodity Trade Finance for years.”
