Richard Griffiths has joined Miller to develop the use of Non-payment Insurance for banks looking to manage risk and capital effectively.
Richard has specialised in the origination, structuring, pricing, syndication and optimisation of loans. He also has experience in corporate banking and capital allocation.
The appointment follows last year’s hiring of Rosie Denee, Oscar Moseley and John Moncavage, as Miller continues to strengthen the experience and expertise across its fast growing credit and political risks offering from our London, Paris and Singapore locations.
“Richard’s knowledge and experience of the syndicated loans market is an invaluable addition to our offering and will ensure we continue to provide the highest standard of service to our clients,” commented Benjamin Gibbons, Head of Credit and Political Risks for Financial Institutions.
Richard began his career at Barclays Bank in 1983, working in their London, Hong Kong and New York offices. His introduction to the loan syndication market came through the underwriting and distribution of aircraft secured financings at Barclays. He has also worked for Bayern LB and ran the loan syndications operation at Danske Bank.
What is non-payment insurance?
Non-payment insurance protects banks from the failure, refusal and/or inability of their counterparties to repay a debt on its scheduled due date.
Commercial benefits of this coverage include limit and capital management, increased lending capabilities and silent and cost-effective risk distribution.
Financial Institutions coverage