Baker & McKenzie Appoints Michael Foundethakis as Global Head of the Trade & Export Finance Group
Michael Foundethakis (47), Partner of the Paris Office and EMEA (Europe, Middle-East and Africa) Bank & Finance Head, has been appointed Global Head of the Trade & Export Finance Group newly created by Baker & McKenzie. These duties add to those already exercised by Michael in the Paris Office and the EMEA region.
The Trade & Export Finance plays a structuring role in international trade insofar as a large majority of commercial transactions imply insurance and/or guarantee credit. This activity is strategic since it enables many companies, regardless of their sizes, to export and obtain a guarantee of payment. As a result, it directly impacts the global economic growth.
Due to the increasing number of commercial financing operations and credit-export financing operations, Baker & McKenzie has created a Trade & Export Finance Group dedicated to this activity. Considering his extensive experience, Michael Foundethakis has naturally been appointed as the Head of the Group. Indeed, for more than 20 years, he has advised a number of first-rank players. He regularly advises development financial institutions (Proparco, Banque Africaine d’Import-Export, BERD, etc.) and major banks (BNP Paribas, Crédit Agricole, Natixis and Société Générale) on operations involving export credit agencies (COFACE, Euler Hermes, SACE in Italie, US-Exim, etc.) or industrial groups such as Siemens or VALE.
Under these new responsibilities, Michael Foundethakis will reinforce the development of the Trade & Export Finance practice throughout the 77 offices of Baker & McKenzie by defining and coordinating the actions to be implemented, in close cooperation with the various partners.
This appointment establishes Michael Foundethakis’ reputation and honors the specialized expertise of the Paris Bank & Finance team in terms of commercial financing operations and credit-export financing operations.
In this respect, the firm was rewarded for its expertise on this matter during the Trade Finance Awards 2016 organized on March 16 in London: Baker & McKenzie won two awards, the "Best Global Trade & Export Finance Law Firm" award and the "Best Global Commodity Finance Law Firm" award.
Before becoming the head of the Bank & Finance team of the Paris office in October 2010, Michael Foundethakis exercised in the London and Munich offices of Baker & McKenzie. He joined Baker & McKenzie in 1999 and was appointed Partner in 2003. Michael Foundethakis is a member of the Paris (2011), Munich (2004) and United-Kingdom (1995) bars.