Smyth Trade Credit LLC Names Wall Street Veteran Victor Lafaman, Vice President - Risk Mitigation Products

Smyth Trade Credit, LLC recently announced the appointment of Victor Lafaman as Vice President, Risk Mitigation Products to help lead the organization into the next phase of growth. Lafaman will spearhead new client development efforts on behalf of the organization. Smyth Trade Credit is an affiliate of Smyth Solutions (http://www.smythsolutions.com), a leader in the field of accounts receivable technology and outsourcing; credit reporting; staffing and group management; and collection management.

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Quote startVictor is a terrific addition to our team and we are very excited that he is joining us. His professional experience is very compatible with Smyth Trade Credit's expansion plansQuote end

South Plainfield, NJ (PRWEB) May 20, 2009

Smyth Trade Credit, LLC, a Smyth Companies affiliate, recently announced the appointment of Victor Lafaman as Vice President - Risk Mitigation Products. Smyth Trade Credit is an affiliate of Smyth Solutions (http://www.smythsolutions.com), a leader in the field of accounts receivable technology and outsourcing, credit reporting, staffing and group management, and collection management.

In his new role, Lafaman will spearhead new client development efforts on behalf of the organization. Victor has more than 25 years of sales, trading and operations experience in the capital markets, 20 years of which were with Amroc Investments and BDS Securities where he managed those firms' bankruptcy trade claim trading desks. Lafaman also worked early in his career for City Federal Savings Bank and Paine Webber in various sales and operational capacities.

"Victor is a terrific addition to our team and we are very excited that he is joining us. His professional experience is very compatible with Smyth Trade Credit's expansion plans," said Marc Wagman, Managing Director of Smyth Trade Credit LLC. "His appointment represents the next logical step in our organization's growth."

Lafaman stated, "I am thrilled to be joining Smyth Trade Credit which has an excellent reputation in the credit risk mitigation space, from both capital markets and credit insurance perspectives. As an organization, the Smyth Family of Companies' best-in-class business practices, superb technology and strong team will enable me to offer our clients the most comprehensive solutions."

About Smyth Trade Credit LLC
Smyth Trade Credit specializes in the brokerage of short and medium term credit protection products which insure against the default of private and sovereign debt obligations. Clients include financial institutions, global companies, and middle market enterprises in a wide range of industries.

About The Smyth Family of Companies
The Smyth family of companies, with roots dating to 1906, is a leading provider of integrated outsourcing, Software as a Service (SaaS) technology, information services and staffing for accounts receivable, credit, collection and deduction operations. Our services include:

  • Credit Risk Management with industry-leading, B2B credit reporting solutions and services, including a sophisticated Credit Data Interchange, the industry-standard Bernard Sands Retail Credit Advisory, and comprehensive Credit Insurance, all delivered via an integrated SaaS platform.
  • Accounts Receivable Management including both short-term "cure" solutions and short or long-term outsourcing for A/R, collections, deductions, and reconciliation, all integrated with best in class Carixa technology.
  • Carixa A/R Management best-in-class technology platform for corporate A/R management within mid market and Fortune 1000 companies, delivered via SaaS.
  • The RationalScore Virtual Credit Network, a break-through, corporate B2B Credit Data Interchange integrated with Smyth's industry credit groups, which tracks and scores more than 50 million B2B A/R records.
  • Supplier-Customer Compliance and Supplier Management solutions including Smyth affiliate's Compliance Clearinghouse, a subscription service covering more than 150 national retailers, and TPNexus, the online peer network for the retail industry.
  • Association, publications and events supporting professionals in the areas of A/R, Credit, Finance, Supply Chain and Trade Promotion Management.

Known for its technology leadership, Smyth offers its clients a single partnership to help solve all of their A/R, Credit, Collections and Deduction needs. For more information, visit http://www.smythsolutions.com.

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