21/05/2026
So here is how we finished off TFG Singapore - Commodity Trade Finance Conference…
The seventh panel of the day dived into how geopolitical tensions, sanctions, and market volatility are reshaping risk management practices across commodity trading. The discussion featured:
• Moderator: Jonas Rey, CEO, Athena Intelligence
• Baldev Bhinder, Managing Director, Blackstone & Gold
• Ashish Kohli, Head of Trade Finance Product Management APAC, ING
• Anton Ruddenklau, Head of Financial Services Advisory, KPMG Singapore
• Vanessa Xavier, General Manager – Singapore & Regional Credit Manager – Asia & Middle East, Peninsula
Speakers emphasised the growing importance of sanctions compliance, counterparty due diligence, and stress testing amid ongoing geopolitical uncertainty.
This was followed by a panel on critical minerals, and how they are more important than ever before. The discussion featured:
• Moderator: Doga Usanmaz, Reporter, Trade Finance Global (TFG)
• Anis Nassar, Head of Critical Minerals, World Economic Forum
• Alexander Peters, FCMA, CGMA, EMBL HSG, CFO, Torq Commodities
• Joe V., Global Client Development and Head of Buy Side APAC, London Metal Exchange
• Zisu W., Commodity Derivatives Broker, SCB Group
• Gautam Varma, Managing Director, V2 Ventures Pte Ltd
The panelists highlighted the increasing significance of supply chain diversification, pricing transparency, and international cooperation in securing access to critical minerals. They examined the challenge of building refinement capacity.
The final session of the day explored liquidity constraints faced by small and medium-sized enterprises (SMEs) and mid-cap traders across Asia Pacific's (APAC) trade finance market. The discussion featured:
• Moderator: Mark Abrams, CEO, Trade Finance Partners (TFP)
• Simon Bishop, Managing Director, Corpay Cross-Border Solutions
• Fred Dons, Head of Trade Finance, Stavian Singapore
• Pierre-Yves R., CEO, Interasia Energy
The speakers unpacked how stricter compliance requirements, regulatory pressures, and banks’ preference for larger clients continue to widen the trade finance gap for smaller traders in Asia. Non-bank lenders, private credit, and digital solutions are playing an increasing role in improving access to finance and supporting more resilient trade flows.
We spoke with Simon Bishop, Managing Director at Corpay, who told us all about the key currency risks affecting Singapore's commodity traders, and how hedging can help mitigate foreign exchange (FX) risk.
Networking drinks were accompanied by a piano performance by our cultural sponsor, SONUS NOBILIS, and we ended the night wandering around Singapore!