Press Release - 01/11/2023, Marrakech, Morocco
FCI held its 55th Annual Meeting in Marrakech, with a highly successful, informative and in-depth programme involving over 50 leading industry experts via presentations and panel discussions on the latest developments, trends and challenges in the Global Factoring and Receivables Finance Industry.
Following the Council Meeting which took place within the event, a new Executive Committee has been elected for 2023-2025.
The Chair has been confirmed as Mr. Çagatay Baydar, TEB Faktoring, Turkey.
Mr. Baydar is elected Chairman of FCI for the third time after 2011 and 2017. He is the Executive Chairperson of TEB Faktoring, which is a joint venture of BNP Paribas, and is the largest Turkish Export Factor and the second biggest in FCI. TEB Faktoring has been selected seven times in the previous years as the winner of the Export Factor of the Year Award. He is committed and dedicated to FCI and ready to support our chain to be the voice of open account receivables finance industry. Çagatay Baydar has 36 years of professional experience in financial institutions, such as banking, factoring, leasing, real estate development and auditing. He has been working for the factoring industry for over 33 years, being one of the pioneers who introduced factoring to Turkey.
In their first act, the new Chair announced the appointment of two Vice-Chair, Chenyue MAO, Wells Fargo Bank N.A., USA and Philippe GRESTA, BNP Paribas Factor S.A., France, influenced by their strong performance.
Members of the Executive Committee:
- Monica FERNANDEZ BARBERO, Caixabank, Spain
- Mary FARLEY, The CIT Group/Commercial Services, Inc., USA
- João COSTA PEREIRA, Banco Ourinvest S.A., Brazil
- Doaa HAFEZ, Egypt Factors (member of FIMBank Group), Egypt
- Jianbo SUN, China Construction Bank, China
- Julio NIELSEN, Eurocapital, Chile
- Dorota Szcześniak, Santander Factoring, Poland
- Daniela Bonzanini, Banca IFIS, Italy, past Chairman,
- Kanayo Awani, AfreximBank, Egypt, representing the affiliate members
The new Executive Committee will be working with the Secretariat to deliver a strong programme of activities designed to develop a strategic plan to bring the association to the next level and confirming its reputation as the “Voice of the Industry”.
As Çagatay Baydar, newly elected Chair of FCI mentioned “I am of the utmost confident that FCI is ready to take on new responsibilities and will succeed in overcoming the new challenges ahead to ensure continued success in this industry. It will be my foremost duty to support all initiatives to confirm FCI the “Voice” of the receivables finance industry during these politically and economically turbulent and unsettled times. I would like to thank you all for your support and confidence in me for the past years. I will be privileged and honoured to continue to be a part of FCI’s achievements as the Chairperson of the Executive Committee.”