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FCI members elect new Executive Committee and Chairman 
FCI members elect new Executive Committee and Chairman 

Rio de Janeiro, Brazil; 25 June 2025 - FCI held its 57th Annual Meeting in Rio de Janeiro, with a highly successful, informative and in-depth programme involving 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 2025-2027.  

The Chair has been confirmed as Ms. Chenyue MAO (Wells Fargo Bank N.A., USA.) 

Chenyue Mao is Managing Director at Wells Fargo Bank, N.A., where she spearheads the bank’s international factoring business and advises multinational clients on cross-border working-capital strategies. Over a 21-year career in factoring—including over a decade guiding Wells Fargo’s global franchise—she has grown annual import-factoring flows to €2.6 billion while fostering innovation in open-account solutions. Within FCI she has served as Vice-Chairman, regional mentor and committee lead, helping to modernise governance and elevate the association’s brand with market influencers. Her agenda for the coming term centres on broadening membership—particularly among major banks and financial institutions —expanding import-factoring know-how within the network and promote international factoring in emerging markets, establishing clear legal and operational standards, and enhancing member value through training, networking and data-driven insights. Shanghai-born and Atlanta-based, Mao is praised for her transparent, collaborative leadership and her commitment to “Together We Will Go Far,” a credo she applies to mobilise FCI’s diverse network toward shaping the future of global trade finance. 

In her first act, the new Chair announced the appointment of two Vice-Chairs, Mr. Çagatay BAYDAR (TEB Faktoring, Türkiye) and Mr. Philippe GRESTA (BNP Paribas Factor S.A., France), influenced by their strong performance.  

Members of the Executive Committee:  

  • Mr. João COSTA PEREIRA (Banco Ourinvest S.A., Brazil)
  • Ms. Mary FARLEY (First-Citizens Bank & Trust Company, USA)
  • Ms. Monica FERNANDEZ BARBERO (Caixabank, Spain)
  • Mr. Gustavo FERNÁNDEZ BÁTORY (Banco Pichincha, Peru)
  • Ms. Doaa HAFEZ (Egypt Factors S.A.E. (member of FIMBank Group), Egypt)
  • Ms. Chung Huei (Sarah) PON (UniCredit Factoring S.p.A., Italy)
  • Ms. Nives RUDEŽ (OTP banka d.d., Croatia)
  • Mr. Ravi VALECHA (India Factoring & Finance Solutions Pvt Ltd, India)
  • Ms. Kanayo AWANI (Afreximbank, Egypt), representing 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 Ms. Chenyue MAO, newly elected Chair of FCI mentioned: “International trade thrives when reliable partners stand behind every transaction. As Chair, I will harness FCI’s unrivalled network to broaden access to receivables finance, champion progressive regulation and spark the next wave of innovation in open-account solutions. Together we will go far, amplifying member growth, elevating industry standards and empowering businesses in every market we touch.”  

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