Trade Finance Professional Education

As David Morrish, Relationship Director of the London Institute of Banking and Finance reflects his 50 years in trade finance, he talks to Trade Finance TV about why there is such a strong demand for trade finance and transaction banking professional education. It’s all down to a new normal of economic uncertainty and trade wars as organisations look to upskill staff and help them to become as professional as possible.

“I relied on learning on the job from great people, but learned what they knew, rather than having a stronger experience with structured learning. I wish some of these qualifications had been around then,” says Morrish.

Looking forward to 2020, he is confident that trade will continue to grow as China, India and Bangladesh redevelop their exports, although not as fast as it has been in recent years.

Join Trade Finance TV and hear more from Morrish about how learning is a continuous opportunity, whatever stage of your career.

For more information on LIBF Trade Finance & Transaction Banking qualifications do visit https://www.libf.ac.uk/study/professional-qualifications

Transcript of interview:

Clarissa Dann Welcome to Trade Finance TV. I’m Clarissa Dann. And joining me here in the studio today is Pouya Jafari of Channel Capital Advisors, who is also an ITFA emerging leader.

Pouya, welcome to Trade Finance TV.

Pouya Jafari Thank you very much.

Clarissa Dann It’s good to have you here. Now, you’ve been an intern and you chose trade finance, can you tell us why?

Pouya Jafari Yeah. So I love trade. I think, you know, on the one hand, you need to understand trade and to understand it, you need to understand politics, economics, finance, law, geography, logistics. And if you want to work in trade finance, you also need to be a good negotiator and a business person. So I really wanted to find a way to get into this field. The issue is that I didn’t know what was out there. On the one hand, I had this vague idea of, you know, policymakers working and trade policy, that’s one area. But obviously there are many companies that do trade, so what kind of jobs can I get in a company?

Clarissa Dann And how did you get your first job?

Pouya Jafari I applied to basically any company I had heard of and anything I could find on the website. And the most interesting one seemed to be in the trade credit team at AIG, a large insurance company, and it seemed to tick all the boxes in terms of being close to trade.

Clarissa Dann That’s fantastic. And how did you get involved with the International Trade and Forfaiting Association and their emerging leaders program?

Pouya Jafari AIG had a couple of different teams and I got to try all of them as part of my internship. And one of the teams was the trade finance team. And at the time, I was working with a good friend of mine, Duarte Pedreira, and I asked to go for a lunch with him and just pick his brain on these things. And he told me that the International Trade and Forfaiting Association, ITFA, had this program for young professionals, so I should sign up and that’s how I got into it.

Clarissa Dann I’ve been hearing all about a rather special trade finance blog. So Pouya, can you tell us a bit more about why you started that?

Pouya Jafari Yeah, absolutely. So I realized trade finance is an area I’m interested in. I want to learn more about this field, but the problem is that there weren’t many resources to utilize. So on the one hand, you had very complex legal documents. On the other hand, you had very short Wikipedia-style articles that weren’t very helpful. So I decided to do it myself. And and I went to ITFA and I asked if they would help me launch this this blog, where I would ask an expert to explain their fields and make it engaging and really focus it on young professionals.

Clarissa Dann And it’s called Trade Explain, isn’t it?

Pouya Jafari Yeah, TRADEXPLAIN.COM.

Clarissa Dann And it’s going rather well. I’ve heard it’s got quite a lot of traffic now.

Pouya Jafari Yeah, the feedback has been really good. It seems like people have been looking for something like this and it’s really helpful to more senior people as well who want to understand maybe a different area of trade finance that they didn’t have a lot of expertize in.

Clarissa Dann Well done, Pouya. Thank you very much for coming in and telling us about it.

Pouya Jafari Thanks for having me.

Clarissa Dann I would like to thank our guest, Pouya Jafari for appearing today and of course, all of you for watching. For other reports, do visit TRADEFINANCETV.NET, and don’t forget to follow us on LinkedIn. For further insights, have a look at DB.COM/FLOW.

Published on November 27, 2019

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