Noble Trade Finance Hong Kong's managing director, David Sullivan, discusses why the company won't be a bank, yet.
Q What's the idea behind setting up a trade finance arm in Noble Group
A The reason is quite simple. If you look at the trading business of Noble in the last five years, it has increasingly diversified. Noble Group used to be a steel and aluminum trade company. These days, Noble Group has expanded into sectors such as coal, sugar and cocoa. We have also expanded our traditional steel and aluminum trade to a wider marketplace. For different markets you need different financing techniques, such as different instruments, different guarantees and so on.