13 April 2016 Insurance

Euler Hermes makes two senior appointments

Euler Hermes, the trade credit insurer, has appointed Fabrice Desnos as head of Northern European region and Holger Schaefer as head of Asia Pacific region.

Fabrice Desnos, currently head of the Asia Pacific region since 2012, succeeds Ludovic Sénécaut who has joined the Euler Hermes Group management board as chief operating officer responsible for operations and IT services.

Desnos will relocate from Hong Kong to Brussels to oversee the 16-country Northern Europe region. He joined Euler Hermes in 1996, and held senior financial positions in both France and the UK. In 2003 he was appointed chief financial officer of Euler Hermes UK and CEO in 2008.

“Fabrice Desnos has gained broad multi-sector, multi-country regional experience in the trade credit industry. He will now bring the flexible, responsive, entrepreneurial spirit of the Asia Pacific region to northern European markets, as that area continues its economic recovery and manages ongoing socio-political volatility,” said Wilfried Verstraete, chairman of the Euler Hermes board of management.

“We welcome Holger Schaefer’s solid underwriting experience with B2B clients and strong broker distribution experience. Both are key for Euler Hermes, particularly in a region we consider to be a long-term driver of growth.”

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