Raistone CEO Says ‘Still Busy’ After First Brands Roils His Firm

David Skirzenski stepped on stage at an event in New York’s Times Square and immediately addressed the $10 billion elephant in the room.

“Yes, we were involved in First Brands,” said Skirzenski, the chief executive officer of trade finance platform Raistone. “Fascinating story,” he added. “Will be a book one day.”

Among the hundreds of trade-finance professionals who gathered at Global Trade Review’s annual conference on Wednesday, First Brands Group was a key talking point. Skirzenski’s firm was among the most exposed to its sudden collapse in late September, with the the auto-parts supplier accounting for more than 80% of ...