Andrew Child to head new team
Aon Trade Credit UK has established an international team as the financial crisis increases the demand for trade credit.
The team will be headed up by Andrew Child, who is director of Aon’s Reading branch.
He said: “Global chief executives and risk managers face the challenge of grasping not only how their company is operating in several countries but also the health of their customers. Bad debt could spiral from one country to hit the parent so international businesses need to adopt a more sophisticated way of monitoring cashflow.”
According to Aon’s recent Global Risk Management Survey, liquidity was one of the top ten risks for global companies in 2009.
The new team will place global credit insurance programmes centrally, offer daily advice on changing credit limits and secure insurance cover.