24.07.2024
Senior promotions at Texel
The Texel Group (“Texel”), the leading specialist credit and political risk insurance broker, today announces a number of senior appointments and promotions.
- William Shaw, previously Managing Director of Texel Asia PTE ltd (Texel Asia) in Singapore, has become Deputy CEO for Texel and is now based in London.
- Angela Chang, previously a broker in our Singapore office has been promoted to Managing Director of Texel Asia.
- Jonathan Crossfield has joined Texel as our Chief Financial Officer and is based in London.
William joined Texel in 2003 as our fourth employee and was tasked with running our corporate finance activities. This was followed by a three year stint establishing Texel in the USA. In 2012 William moved to Singapore to create Texel’s presence in Asia and remained there for 12 successful years.
Angela has over 18 years of financial services and banking experience and prior to joining Texel, she held roles in Aviation Finance and Syndications team at MUFG and DVB Bank. Angela began her career with Deutsche Bank in 2006 holding multiple roles throughout her tenure with the company, latterly in the Credit Structuring team, where she was the dedicated structurer responsible for non-payment insurance for global markets business in Asia.
Jonathan has joined as Texel’s first CFO. He began his career as a chartered accountant with Deloitte & Touche before holding analyst roles at Cazenove and Bank of America Merrill Lynch. Jonathan held COO roles for Wonder PL and Vox Markets before becoming CFO of Featurespace in 2017. He is based in the London office and reports to Andy Lennard, CEO and Chairman of Texel.
Andy Lennard, CEO and Chairman of Texel, said: “After 12 years William Shaw leaves Singapore to return to London as Deputy CEO of the Texel Group. He was employee number 4 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.”
Ends
Media contact
Rebecca Young – Head of Marketing & Communications
About Texel
The Texel Group (“Texel”) is a leading specialist credit and political risk insurance broker based in London, with offices in Brussels, Singapore, New York and Los Angeles. We create innovative, bespoke non-payment insurance solutions for financial institutions, corporations, multinational development banks and commodity traders.
In 2015 our philanthropic arm – the Texel Foundation – was established. Every year Texel allocates 10% of net profits to the Foundation, which partners with charities and social enterprises that promote health, education, social mobility and artistic opportunity. Since its formation, it has supported 100 programmes across 24 countries.
Texel received a ‘commitment’ badge from EcoVadis in 2023, a company that helps others assess and manage sustainability practices within their supply chain. Texel is also a signatory to the United Nation’s Environment Programme Finance Initiative (UNEP FI) Principles for Sustainable Insurance (PSI). The PSI initiative is the largest collaborative initiative between the UN and the insurance industry.
Who we are – Texel (thetexelgroup.com)