The Texel Group, a specialist credit and political risk insurance broker, has announced three senior appointments and promotions, including the promotion of William Shaw (pictured) to deputy CEO.
Shaw joined Texel in 2003 as one of the first employees of the company. He was in charge of the corporate finance activities before a three-year stint establishing Texel in the United States. In 2012, Shaw moved to Singapore to help launch Texel's presence in Asia and remained there for 12 years.
The group also announced the promotion of Angela Chang (pictured), a former broker in Texel's Singapore branch, as the new managing director at Texel Asia. Chang started her career with Deutsche Bank in 2006, holding numerous roles, which included being the dedicated structurer for the company's credit structuring team, where she was responsible for the non-payment insurance global markets business in Asia. Chang brings over 18 years of financial services and banking experience to Texel.
Lastly, Jonathan Crossfield (pictured) has joined Texel as its first chief financial officer (CFO) in London. Crossfield began his career as a chartered accountant with Deloitte & Touche before holding analyst roles at Cazenove and Bank of America Merrill Lynch. Crossfield will report to Andy Lennard, CEO and chairman of Texel.
Commenting on the promotions and appointments, Lennard said: “After 12 years William Shaw leaves Singapore to return to London as Deputy CEO of the Texel Group. He was employee number four and has played a key pivotal role in the growth and development of Texel.
“As part of Texel’s continued organic succession planning, it is vital that the future of the group must be led by those that understand, embrace, and execute Texel’s unique culture. William fits the bill given his longevity and experience in multiple roles, coupled with the respect of his senior colleagues.
“Angela’s promotion is well deserved. She is hard-working, diligent, empathetic, articulate, and extremely personable. We are thrilled that we have such talent within the Group and Angela represents the next generation of leaders that will drive the organisation forward.
“Last but by no means least I am very pleased to welcome Jonathan and his wealth of experience in financial leadership to the group. His background complements an already excellent team and he will play an important role in growing Texel and our finance function while maintaining rigorous financial controls and reporting standards.”
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