Capital Business Opens Asia Office
New York–based Capital Business Credit LLC, formerly called Capital Factors LLC, has opened an office in Hong Kong to provide global supply chain financial services to its customers doing business in Asia.
“By working with suppliers and local banks in Asia, we can support a growing market of vendor pre- and post-shipment financing and reduce the use of letters of credit,” its president and chief executive officer, Andrew Tananbaum, said in a statement.
Patrick Ho was named senior vice president of the Hong Kong office. Previously with State Street Bank, Ho has more than two decades of experience in banking, factoring and international trade.
