FCI is managed by the Executive Committee. The Executive Committee consists of a Chairman, two Vice Chairmen, an Immediate Past Chairman and seven, or in the event that (for whatever reason) an Immediate Past Chairman does not form part of the Committee, eight other members. Unless the number of members of the Executive Committee falls below 6, the Executive Committee remains validly composed.
Members of the Executive Committee are elected by the Council at its Annual Meeting. The Chairman and four other members are elected by both the full members and the associate members. The remaining five (or six members if the Immediate Past Chairman does not form part of the Committee) may be elected by the full members only.
Ms. SUN Jianbo, Vice Chairman (China Construction Bank)
Ms. Daniela BONZANINI, Vice Chairman (Banca IFIS)
Mr. Çagatay BAYDAR, (TEB Faktoring)
Mr. Joaquin DURANY SETO (Caixabank)
Mr. Christian EYMERY (Deutsche Factoring Bank)
Mr. Julio NIELSEN (Nuevo Capital)
Dr. Benedict ORAMAH (African Export-Import Bank)
Mr. Panos PAPATHEODOROU (Laiki Factors & Forfaiters)
Mr. Josep SELLES (Exicon Consultoria em Crédito e Cobrança)
Mr. Andrzej ZBIKOWSKI (ING Commercial Finance Poland)
Ms. Joy ZHU (The CIT Group/Commercial Services)
The Chairman shall be elected as a member of the Executive Committee for a period of two years. The last two years of his period of service, after having served as Chairman, will be in the capacity of Immediate Past Chairman. If the Chairman is not able to fulfil the leadership of the Executive Committee, the Executive Committee may appoint a substitute Chairman to fulfil the remaining period of service.
The Executive Committee shall elect amongst itself two Vice Chairmen who will assist the Chairman in the fulfilment of his/her task.
The Members of the Executive Committee shall be elected for a period of two years by the Council at its Annual Meeting.
The Executive Committee may appoint other committees.
The authority to represent FCI shall be vested in any three members of the Executive Committee acting jointly and/or by the Secretary General.
The Executive Committee has the authority either to enter into agreements to purchase, dispose of, or encumber registered property or to enter into agreements by which FCI commits itself as guarantor or joint and several debtors, warrants performance by a third party or undertakes to provide security for a debt of a third party, however, only upon a resolution of the Executive Committee in these respects.
All resolutions of the Executive Committee must be adopted by an absolute majority of the votes cast. Resolutions of the Executive Committee shall only be valid if passed at a meeting of the Executive Committee at which at least half of its members are present. The acting chairman shall have an additional vote to resolve tie votes.
The Executive Committee can adopt resolutions outside regular meetings, provided that all members of the Committee have been consulted in writing; a resolution will be valid if the majority of the members accept, in writing, the proposal.
Business & IT Solutions Committee (COMCOM)
This committee has one main task: make the FCI members’ wishes become reality. Over the years it has been responsible for the various information exchange formats, from the original paper standardised reporting through the FACT system to edifactoring.com, the FCI communication platform since 2002.
This Web EDI system is based on central processing and reporting, message validation and mail boxing which has the overall purpose of supporting the two-factor business of FCI members.
But do not let the initial statement mislead you! The COMCOM is not just a team of dedicated technicians developing tools to improve our members’ performance, but also a research centre continuously exploring new ideas and products to the same purpose.
Ms Sevil DINCER, Chairman (TEB Faktoring)
Mr Henrik PETERSEN (Nordea Finans Danmark)
Mr Ciprian RADU (UniCredit Bank)
Mr Harris SARIDIS (ETHNIKI FACTORS-NBG FACTORS)
Mr Bent SMIDT (BNP Paribas Factor DK)
Education Committee (EDCOM)
Here we are: dedicated to helping you achieve your goals, at a time and place that suits you.
The principal task of the Education Committee is the development and implementation of FCI’s educational policy. Working closely with the Education Director, the Education Committee supervise all FCI courses, decide on the modification of existing or on the release of new courses, decide on the development of new education manuals.
The Education Committee is responsible for the coordination, development and organization of education seminars and workshops.
Ms Daniela BONZANINI, Chairman (Banca IFIS)
Ms Beata FILIPSKA (ING Commercial Finance Polska)
Ms Doaa HAFEZ (Egypt Factors)
Ms Vivid LIU (China Construction Bank)
Legal Committee (LEGCOM)
The FCI Legal Committee offers on continuous basis assistance to the FCI members in answering questions of a legal nature, or relating in particular to the FCI GRIF.
For problem resolution between export factors and import factors, a more formal FCI Arbitration process is available, even though most conflicts are settled in an amicable manner, based on the strong ties which exist between most of the FCI members.
Mr Ulrich BRINK (Bette - Westenberger - Brink Lawyers)
Mr Harvey GUBERMAN (Consultant)
Mr. JIN Saibo (Consultant)
Mr Yüce UYANIK (Consultant)
Mr. Edward WILDE (Consultant)
Marketing & Communication Committee (MARCOM)
Promotion - Innovation - Cohesion. Those are the three pillars on which our work is based. Our Team of Marketing experts, usually representing members from all regions of the World, develops Marketing, PR and Promotion activities in order to fulfil our different aims.
We are focused to promote FCI and the 2-factor business, bring FCI members new sources of revenue and encourage the sharing of the intrinsic knowledge inside our network.
More Members > More Volume > More Revenues
Mr. Joao PEREIRA, (Banco Ourinvest)
Ms Sarah C.H. PON (UniCredit Factoring (IT)
Ms YAO Xiaochun (Joyce) (China Minsheng Banking)
Supply Chain Finance Committee (SCF COM)
After more than 40 years of continuous growth, opening new markets to the factoring industry and consolidating and enlarging the existing ones, FCI now confronts the challenging future with the idea of opening the scope of its organization, allowing the entrance of other products under the umbrella of the trade finance world with the aim of becoming the voice of this segment of financing.
The SCF Committee has been created to analyse how FCI can develop a role and how it can provide added value to the Institutions developing other products such as Supply Chain Finance, not forgetting invoice discounters, forfaiters, etc.
This is the aim of the Committee and, with the assistance of a group of experienced specialists chosen among our members, we are certain it will succeed in achieving this important goal and design the future of FCI.
The Committee, under the Chairmanship of Josep Selles, feels that timely communication with the members on such an important item is imperative and hence the Membership will be informed on a regular basis through the FCI Private Net.
Mr Philippe GRESTA (BNP PARIBAS Factor FR)
Mr Simon PETERMAN (Raiffeisen Factor Bank AT)
FCI’s Adhoc Compliance Committee
FCI’s Vision is to be the Global Association for the Open Account Receivables Finance Industry. To that end, we endorse the prevention of financial crime and respect for regulatory compliance and conduct. The Adhoc Compliance Committee was established to develop a compliance policy, both internal and external, to ensure that all laws, regulations and FCI Core Values are in place and to better understand the risks associated with FCI’s business activities. The Executive Committee established the Compliance Committee to oversee the compliance activities of FCI, to which it reports. Their responsibility includes:
- Creates, maintains and advises on FCI’s compliance policies
- Develops minimum standards, tailored to its needs;
- Advises on the KYC questionnaire and procedures and its continuous improvement;
- Sets up and maintains a repository of statutory actions in case of non-compliance
- Recommends disciplinary actions in case of violation of policy;
- Conducts workshops and seminars on best practices in compliance
- Contributes opinions and updates for the FCI Newsletters and Website;
- Liaises with other committees to ensure an integrated approach to compliance risk;
- Suggests other activities for the proper and effective compliance for FCI and its members.
Ms. Mary FARLEY (The CIT Group/Commercial Services)
Mr. Niko KLUIJVER (Caribbean Factoring Services - FactorPlus)
Mr. Joost VASTENAVONDT (BNP Paribas Fortis Factor BE)