Envoy Group appoints three new advisors to its trade and finance team

By Megha Bhattacharya

UK-based Envoy Group announced the appointment of three new advisors to its team before the launch of the pilot phase of its trade finance platform as well as of the NVOY token. The new advisors include Arzu Tore, Thomas Reeves, and Jimmy Chang.

Arzu Toren is the founder of Aren Strategy Ltd. She has experience in global banking and blockchain and has carried out positions in international and Turkish commercial banks for 20 years, where she executed trade finance products, asset management, debt instruments, and business development with progressive growth and profitability.

She commented, “This is a unique opportunity – not just for me, but for the myriad of underserved SMEs who are currently being locked out of the trade finance circle. This reimagining of trade finance will not only make the process faster, but provide excellent investment opportunities for financiers.”

Thomas Reeves has experience in risk and business management in financial markets, has held senior risk management roles at Citi and Lloyds, and been responsible for many major risks, regulatory, and governance projects.

He said, “Trade finance and risk have been synonymous for a long time. This has been due to archaic and manual processes creating ample opportunity for fraud. However, Envoy have created a platform which not only significantly reduces the risk of fraud, but automates compliance processes and tracks the movement of money and goods in an effective and transparent manner – an ideal solution for a digital world especially now we are dealing with a pandemic and social distancing.”

Jimmy Chang has around 15 years of experience in the corporate finance sector and has worked with Fortune 100 companies. He stated, “From my time at both small and large firms, one thing that remains constant is they all have been affected by Covid-19 in some way. Economic uncertainty has left many businesses financially stranded and closed off from the finance they so desperately need. I firmly believe Envoy are well-positioned to help the global economy take the all-important first steps toward recovery. I am very excited to play a part in this project.”