none

EFIC appoints new managing director

31-08-2010
by 
in 
EFIC appoints new managing director

The Board of Australia’s export credit agency, Export Finance & Insurance Corporation (EFIC) has appointed a new Managing Director and CEO.

Mr Andrew Hunter, a former Co-Head of Macquarie’s Financial Institutions Group in Australia, will join EFIC from July 29. 


“Andrew brings a wealth of relevant knowledge and experience to the role and is excited to be joining EFIC, said EFIC Chairman, Andrew Mohl. “He has had a career spanning almost 23 years in financial services, with significant experience in offshore markets and in structuring credit transactions.”  


Mr Hunter was Macquarie Group London Office Head and Head of Macquarie Group Europe from 2008-10. And previously, he was head of Macquarie’s corporate advisory business in London. 


Before joining Macquarie as part of Macquarie’s acquisition of Banker’s Trust, he worked for BT for 10 years in credit and risk management, structured finance and debt origination. 


Mr Hunter succeeds current Managing Director and CEO Angus Armour who, after 20 years at EFIC and 10 years as MD and CEO, informed the Board last year of his decision to hand over the reins.

Mr Armour has been appointed as Deputy Director General, Industry, Innovation, Hospitality and the Arts for the NSW Department of Trade & Investment, Regional Infrastructure & Services. He will leave EFIC on August 30 2013. 


Over the past decade, EFIC has signed facilities totalling more than $5 billion, supporting over $22 billion of Australian exports to 65 countries from SMEs and large companies in a broad span of industries.

“EFIC has also been solidly profitable, making an average profit on the commercial account of $30 million a year and has returned more than $375 million in dividends to the Federal Government,” said Mr Mohl. 


Mr Armour leaves EFIC as a sound, profitable, well-managed and well-governed institution.

Related news & editorials

  1. Scott Philbrook, ANZ Managing Director, RS Components
    24.02.2021
    24.02.2021
    by      In , In , In
    Covid-19 seriously disrupted supply chains throughout industry worldwide. Scott Philbrook, Managing Director RS Components Australia, explains today’s necessity for supply chain resilience and continuity.
    The Institute of Supply Management reported that in March, at the start of the pandemic, 75%... Read More
  2. The Australian Industry Group Australian Performance of Manufacturing Index increased by 3.2 points to 55.3 over the summer holiday period December 2020 and January 2021.
    03.02.2021
    03.02.2021
    by      In , In
    The Australian Industry Group Australian Performance of Manufacturing Index increased by 3.2 points to 55.3 over the summer holiday period December 2020 and January 2021.
    Manufacturing businesses reported stronger and more broad-based recovery over the normally quiet holiday season.
    “In December... Read More
  3. A leading global freight forwarder has surveyed its customers to understand the key issues supply chain experts anticipate this year.
    27.01.2021
    27.01.2021
    by      In , In
    Australian manufacturers are being warned to expect further delays from China as 2021 ramps up.
    A leading global freight forwarder has surveyed its customers to understand the key issues supply chain experts anticipate this year.
    Three quarters of respondents to the C.H. Robinson survey said they... Read More
  4. 18.11.2020
    18.11.2020
    by      In
    For all the challenges COVID-19 has delivered, it has also highlighted the agility and innovative nature of Australia’s manufacturers. This report by Industry Update, based on a St.George special report – The 2020 Revolution – examines the impact on the sector.
    As the coronavirus pandemic has upset... Read More
Products
Suppliers