Australia’s export credit agency, Export Finance and Insurance Corporation (EFIC) has opened a new office in Brisbane to provide renewed support for Queensland businesses.
The new Queensland office has been set up in response to increased demand for EFIC’s services in the region and will enable EFIC to better assist local companies. EFIC has appointed a new SME Director for Queensland, Paul Tonges who will work in Brisbane full-time.
Paul will be responsible for providing financial solutions to small and medium-sized Queensland businesses to help them take advantage of export and export-related opportunities. This follows EFIC’s success in the last 18 months in establishing a presence on the ground in both Western Australia and Victoria, in addition to the head office based in New South Wales.
Paul joins EFIC from Commonwealth Bank of Australia where he was Head of Trade and Working Capital Finance across the bank’s business and private banking divisions.
Welcoming Paul to the organisation, EFIC’s SME Executive Director, Andrew Watson commented that he brought a wealth of experience in working capital finance, as well as a deep understanding and knowledge of the Queensland banking market.
Paul added he was delighted to be joining EFIC and to build on its success in helping small and medium-sized exporters and subcontractors in export supply chains. He plans to focus on strengthening EFIC’s relationships with banking and professional partners in Queensland to continue to achieve great outcomes for their SME clients.
EFIC supports the growth of Australian companies in their international activities by providing tailored financial solutions when the private market faces constraints.