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Swedish digital marketplace Mitigram has grown its team substantially since appointing new CEO, Milena Torciano in August.
Robert Backman joined the Stockholm office in October as managing director for sales. He was previously at ScandiCapital, and has more than 30 years of experience at various institutions, including DNB, GE Capital and ABB.
Other new hires over the recent past include Carlos Deprit as executive advisor for Spain and Latin Americas (with more than 25 years of experience in senior corporate banking roles with BBVA); Patrick Siegbahn as data scientist (a former analyst at hedge fund Brummer & Partners and risk expert at Finansinspektionen); and Johan Egnell as customer success manager (ex-TriOptima), among others.
Torciano started her career at Oliver Wyman. She has more than 13 years’ experience as investor and operator, and has led the build-out of fast-growing technology-driven financial service companies such as AnaCap Financial Partners, where she was investment director.
Over the last 18 months and since ending its pilot phase, Mitigram has facilitated more than US$7.5bn (US$550mn average monthly volumes) of trade finance transactions. Used in the Nordics by some of the largest corporations in the region, it enables corporates and banks to connect via a web-based interface and manage the financing and risk coverage of global trade.
Torciano comments on the platform’s success thus far: “Trade finance still runs on old industry practices of emailing and calling banks, with no single centralised repository of information. Mitigram has built the fastest-growing global trade finance collaborative platform for corporates and banks to access counterparties in funding and hedging risk of trade transactions, resulting in significant improvements in operational efficiency, price transparency and coverage access.”