Coface hires new deputy GM in Hong Kong

The Paris-based Coface Group, a provider of export credit insurance and credit information, has announced the appointment of Xavier Farcot as deputy general manager of the firm's Hong Kong operations.

Farcot will report to general manager Richard Burton and be mainly responsible for credit risk assessment, claims management and credit insurance operations for the Greater China region.

The new posting will be something of a change for Farcot, as he moves to Hong Kong from the Ivory Coast, West Africa, where he had been country manager since 1999.

"In the last year, Coface has experienced strong growth in Hong Kong and throughout Greater China, opening offices in Shanghai and Taipei," comments Burton. "Xavier's wealth of experience considerably strengthens the team and allows us to build on our position as a recognized market leader in this field."