Alex Bursak Joins LiquidX as Regional Head of Insurance coverage, Bolstering Asia Pacific Growth

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NEW YORK, Feb. 16, 2021 (GLOBE NEWSWIRE) — LiquidX, the worldwide community for working capital, commerce finance and insurance coverage, at the moment introduced the appointment of Alex Bursak as Director and Regional Head of Insurance coverage for the Asia Pacific (APAC) area, based mostly in Singapore. Within the function, Bursak will speed up LiquidX’s strategic enlargement in Asia in addition to within the broader commerce credit score insurance coverage market. Commerce credit score insurance coverage income tripled on the LiquidX platform in 2020 as shoppers, brokers, and insurance coverage carriers continued to undertake complete digital options for threat mitigation.

“LiquidX’s insurance coverage enterprise is surging, pushed by a considerable enhance in demand for insurance coverage and receivables places from asset managers and commerce finance banks. As well as, we’ve seen an enormous rebound in curiosity for commerce finance and dealing capital belongings in Asia from our rising base of fifty+ funders,” stated Ali Hackett, Chief Income Officer of LiquidX. “Alex shall be instrumental in strengthening our place because the chief in digitizing the commerce credit score insurance coverage market and can speed up the attain for all LiquidX commerce finance options within the APAC area.”

“By 2025, upwards of 30-50% of commerce credit score insurance coverage shall be originated, managed, and transacted on-line. These capabilities are constructed into our pioneering LiquidX 360 platform, which already serves nearly all of carriers within the North American market with an goal of 15 carriers globally by the top of the 12 months,” stated Jim Toffey, CEO of LiquidX. “With Alex becoming a member of our Singapore staff, on prime of great 2020 insurance coverage progress and our current multi-year funding from Broadridge Monetary Options, Inc. (NYSE: BR), we’re very well-positioned for market management in 2021 and past.”

Over his 15-year profession in commerce finance Alex has held roles of accelerating accountability in company banking and commerce credit score insurance coverage. Alex joins LiquidX from Euler Hermes Asia Pacific, the place he most just lately served as Head Distribution for Singapore. Previous to that function, Alex was Nation Supervisor for Euler Hermes Indonesia and Head of Data and Grading overlaying the ASEAN area.

Earlier than becoming a member of Euler Hermes, Alex spent over six years in company banking at NordLB, the place he served as a senior threat supervisor for the South East Asia area and as an analyst in company and structured finance in Germany.

The LiquidX 360 platform is essentially the most superior resolution in commerce finance and dealing capital, that includes seamless entry to accounts receivable and provide chain finance, with seamless binding of commerce credit score insurance coverage and linking to belongings purchased on the platform.

About LiquidX

LiquidX is a number one international expertise firm which permits company finance professionals to transact quicker, smarter and cheaper by digitizing their commerce finance and dealing capital administration. Headquartered in New York with places of work in Boston, London, and Singapore, LiquidX delivers the industry-leading ecosystem for working capital belongings to its numerous community of world individuals together with multinational companies, banks, institutional traders, and insurance coverage suppliers. LiquidX incorporates blockchain expertise and machine studying analytics to enormously improve transparency, reporting, and forecasting for monetary professionals.

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Media Contact:
Sue Hinton
LiquidX | +1 917-362-4518

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