Incumbent Forfeiters Secure Re-election
The International Forfaiting Association (IFA) held its annual meeting in the vibrant city of Istanbul, Turkey, in early September. The event, which brings together industry professionals, saw several key decisions made and re-elections of board members.
Four board members, including Waltraud Raderschall from Dresdner Bank, Meinl Bank's Stephen Coleman, IFA Vice-Chairman and head of its education committee, Salvatore Chiappinelli from SFC Swiss Forfaiting, and Lucio Matassoni from Sumitomo Mitsui Banking Corporation Europe, were all unanimously approved for another term.
The IFA's secretariat head was also re-elected as a board member, although the specific identity of the individual was not disclosed.
One of the highlights of the meeting was the announcement of new forfaiting rules, which are expected to shape the future of the industry. However, the details of these changes have not been made public yet.
It's worth noting that the International Chamber of Commerce (ICC) continues to play a role in the forfaiting sector, although the specifics of its involvement were not detailed.
This year's IFA annual meeting marked another significant milestone for the organisation, with all four board members being re-elected and new forfaiting rules being announced. The exact details of these changes will be closely watched by the forfaiting industry in the coming months.
[1] While the International Trade and Forfaiting Association (ITFA) held its AGM online on June 24, 2025, it's important to clarify that this article is referring to the IFA's annual meeting in Istanbul, Turkey. The ITFA AGM report did not mention any re-elections or an annual meeting in Istanbul.
The re-elections of board members, including those from Dresdner Bank, Meinl Bank, SFC Swiss Forfaiting, and Sumitomo Mitsui Banking Corporation Europe, demonstrate the continuity of leadership within the forfaiting business. The new forfaiting rules announced at the meeting could significantly impact the overall finance aspect of the business, shaping its future in the coming months.
