15 May 2025
Plenary

Breakfast and networking

Welcome back to day 2! Grab a coffee and get networking

Plenary

Opening Remarks: Welcome back

A short address to welcome delegates back to day 2 of TXF Amsterdam 2025!

Plenary

Economist ted talk: Liberation Day After: what next for commodities?

Rebecca Harding
Economist,
Independent

In this keynote presentation, independent economist Rebecca Harding talks us through the biggest consequences of the past year’s elections on the commodities industry, including the first impacts of the US election, and what this means for the energy transition, geopolitical stability, and commodities prices.


Plenary

Regional deep dive: The Gulf as the World's New Critical Minerals Hub

Robert Besseling
CEO,
Pangea Risk

Global demand for critical minerals is fast approaching a new peak to fuel the green energy transition and the industrial revolution, as well as to support the military and defence sectors. Cash-flush Gulf states are emerging as thriving hubs to facilitate global trade in these minerals by both tapping into their own vast reserves and investing in the volatile African mining sector. Pangea-Risk's CEO analyses the latest investment trends and country risks in Middle East and African mining.

Plenary

Africa: The next frontier in commodity finance

Nicolas Mignot
Chief Financial Officer,
Sahara Energy Group
Dhaval Shah
CFO,
AfriMet Resources AG
Philippe Delignieres
Account Manager,
Credendo
Wouter Kool
General Manager Rabobank Africa,
Rabobank
Moderator
Adrian Mellor
Partner,
A&O Shearman

This session explores the vast potential of the African continent as a source of critical minerals and other commodities. The session will feature discussions on infrastructure development, investment opportunities, political and regulatory challenges, and the role of ECAs and development banks in supporting growth.

Plenary

Spotlight on softs: Navigating emerging trends

Natalia Haas
Managing Partner,
Mercator Commodities AG
Jayant Parande
Group Treasurer & Global Head – TSF,
Olam Group Limited
Atiye Ece ERKAN
Chairman & CEO,
Turun Flour Mills
Moderator
Ralph Ivey
Reporter,
Exile Group

In the face of dynamic global shifts, the agri and soft commodities sectors are undergoing significant transformations. This session will explore the key trends reshaping the industry landscape, including geopolitical instabilities impacting supply security, market consolidation, the rising emphasis on corporate social responsibility (CSR), and the scope for digital transformation.

Plenary

The future of commodity flows: Rising talent in the spotlight

Thomas Van Eijl
Commercial operator,
Shell
Max Rausch
Business Developer & Commercial Analyst,
Cefetra
Julia Flores
Supply chain management,
Cargill
Moderator
Mathilde de Mareuil
Vice president,
WISTA Switzerland

We often hear from the most senior in the industry, but this session gives the stage to the younger generation of bankers, corporates and service providers who are innovating and growing the industry, to discuss the future of the commodities market, and what the younger generation of talent is looking for. 

Plenary

Closing remarks

Wrapping up another fabulous year of content, networking, drinks and awards, the final closing remarks. See you all next year!

Plenary

Networking lunch

There's still time to squeeze in some final networking and meetings, as the winter garden opens for another networking lunch 

14 May 2025
Plenary

Registration and breakfast

Collect your badge from the registration desk, grab a coffee, and get in some early networking

Plenary

Opening remarks

Hesham Zakai
Managing Director,
Exile Group

Kicking off TXF Amsterdam 2025, some opening remarks coloured by TXF data

Plenary

Macroeconomic outlook: The Future of Commodity Markets

Saad Rahim
Chief Economist,
Trafigura Group Pte
Jean Francois Lambert
Founder & Managing Partner,
Lambert Commodities
Caroline Bain
Economist,
Bain Commodities Research
Moderator
Hesham Zakai
Managing Director,
Exile Group

Back by extremely popular demand, Trafigura’s Chief Economist Saad Rahim will be addressing  the long-term outlook for commodities in a world shaped by geopolitical shifts, climate change, and technological disruption, followed by a moderated discussion with industry experts. 

Plenary

Trading Forward: Adapting strategies in an ever-changing landscape

Oliver Schenkenberg
Group Treasurer,
Gunvor
Sander Stuijt
CFO,
Duferco
Todd Hermanson
Group CFO,
Traxys
Olivier Boujol
VP and Global Head,
ADM
Philippe Penet
Managing Partner & CFO,
Sucafina
Moderator
Catherine Lang-Anderson
Partner,
A&O Shearman

Navigating liquidity, geopolitical risks, sustainability, and adapting to an evolving financial landscape are all equally important elements of being a commodities trader. This session gathers C-suite traders across agri, metals and energy to hone in on the biggest challenges and changes facing the market.

Plenary

Morning coffee break

Grab a coffee and get networking 

Plenary

Energy traders: Sustaining the future

Elsa Pernot
Global Head of Sustainability,
Gunvor
Andrej Nabergoj
Senior Business Controller,
STX Commodities
Christine Dirringer
Global Head TCF Lending,
Rabobank
Michelle Horsfield
Executive Director, ESG Advisory,
Sumitomo Mitsui Banking Corporation (SMBC)
Jean-Jacques Poublet
Global Head of CTF,
UBS
Moderator
Kam Hessling
Managing Director,
Loan Market Association

The global push for climate action has never been more crucial. This session will explore several key commitments from energy traders and producers, including the shift towards biofuels and renewable energy, enhancing traceability systems, addressing scope 3 emissions, and the role that banks are playing in financing sustainable flows and supporting their clients towards a greener future. 

Sustainability Stream - Workshops

The decarbonisation of the metals industry: Financial and regulatory implications

Alexander Peters
Board Member of Commodity Club Switzerland,
Commodity Club Switzerland
Stephen Thomas
Head of ESG & Sustainability,
ArrowResources AG
Osher Beveridge
Sustainability and Physical Markets Development Manager,
London Metal Exchange
Moderator
Alexis Christodoulou
Global Head - Trade & Sustainable Commodity Finance,
Societe Generale

New regulations that will push transparency in terms of calculating carbon emissions in the metals industry will apply pressure from all angles to decarbonise, from source to customer. This session tackles what this change means for metals traders and those financing this trade.

Plenary

Vertical Integration: Complex but rewarding

Simon Huber
Group Treasurer & Global Head (structured-) Commodities Finance,
Bluequest Resources AG
Olena Sytarchuk
Head of Trade Finance,
D.Trading
Preslav Raykov
Global Head of Trading,
Eleen Marine
Kate Richardson
Structured Commodity Finance Specialist,
BP
Faysal Tazi
Head of Finance MENA,
BGN
Moderator
Aife Howse
Commodities Content Manager,
TXF

This session will explore how traders are vertically integrating their supply chains and the benefits, such as capturing back net value, to minimizing risks, the challenges, such as higher capital and operational capacity, and the strategies involved, from upstream to downstream. 

Sustainability Stream - Workshops

Deal case study: The first ever eBL-linked borrowing base

Shobhit Singh
Head of Trade Finance - Metals, Minerals & Bulk,
Trafigura Group Pte
Camille Maurs
Group Lead Structuring & Execution, Trade & Commodity Finance,
ING Bank
Nicholas Demetriou
Director, Growth,
ICE Digital Trade (formerly essDOCS)
Moderator
Jackie Jones
Counsel,
Clifford Chance

In this workshop style session, we will be picking apart Trafigura's 2024 £2.8 billion borrowing base, which is the first ever syndicated financing to include eBLs as secured collateral, answering questions such as: 

  • What makes this deal so unique?
  • How was the eBL-linked element of this deal structured?
  • What were the biggest headwinds in structuring and closing this deal? 
  • Could this deal pave the way in the future?

Plenary

Networking lunch

Time for delegates to enjoy an extended networking lunch

Plenary

Navigating risk: Spotlight on insurance

Okan Dalanay
Director Structured finance,
BGN
Rakesh Ranchhoddas
Bank and Insurance Relations & Global Customer Solutions,
Archer Daniels Midland
Joe Bennett
Director,
BPL
Colin Venettis
Lead UW Energy -- Commodity & Energy Transition Finance,
Swiss Re Corporate Solutions
Moderator
Jonathan Bell
Editor-in-chief,
TXF

This session gathers underwriters, brokers and users of CPRI to discuss how the market has evolved over the past year, why short term deals are growing in popularity and how the insurance industry can support commodities trade flows.

Sustainability Stream - Workshops

Stages for Change : Paving the way for Future Talent

Soraya Ahmed
Managing Director,
JP Morgan
Olivier Boujol
VP and Global Head,
ADM
Moderator
Mathilde de Mareuil
Vice president,
WISTA Switzerland

In this breakout session, we will hear from some of the brilliant leaders that make up the commodities industry, spotlighting their career paths and focussing on how the industry can continue to attract and further career opportunities to future talent.

Plenary

New power players: Shifting dynamics in commodity finance

Oliver Roe
CEO,
OPR Group
Orhan Gunes
Founder | Managing Director,
TradeQraft
Akim Kibalnik
Head of Structured Trade Finance, EMEA,
BBVA
Moderator
James Lowrey
Managing Director,
Fifty One Point Five North

Leaders from trading companies, banks, ECAs, and alternative financiers discuss the changing landscape of commodity finance, exploring the rise of new players, the evolution of traditional roles, and the increasing importance of partnerships and collaboration.

Sustainability Stream - Workshops

AI in commodity finance: Pioneering future flows

Dom Kloiber
Co-founder,
Exile Group

This session will explore how AI is transforming export finance, addressing ethical considerations, and highlighting future trends. Participants will engage in a Q&A to discuss diverse perspectives and actionable steps for integrating AI into their practices.

- What is AI's role and current application within the commodity finance industry?

- What potential workflow changes and ethical challenges have cropped up so far?

- What upcoming innovations could we see? How would you like to use AI in commodity finance?


Plenary

Banking on the future: Oxford style debate

Mehmet Emin Gokdel
Head of Structured Trade and Commodity Finance,
Credit Europe Bank NV
Barry Pieters
Head of Natural Resource Finance Amsterdam,
Deutsche Bank
Enrique Rico
Global Head of Trade & Working Capital solutions,
Santander
Ayca Ayhan
Director - TCF Oil&Energy,
Garanti BBVA International
Atakan Akkaya
Managing Director, Head of CSTF EMEA & Global Coordinator for Commodity Finance,
MUFG Bank
Maarten Koning
Managing Director, Global Head Trade and Commodity Finance,
ING Bank
Moderator
Dom Kloiber
Co-founder,
Exile Group

Join the commodity finance bank’s annual get-together, as the dynamic panel of leading financiers go head to head in an Oxford-style debate 

Plenary

Game show session: Who wants to be a commodity financier?

Gary Coates
Senior Partnerships Manager,
TXF
Mac MacNamara
CEO,
Carshalton Commodities
Aife Howse
Commodities Content Manager,
TXF

Powered by TXF intelligence, this session will put a panel of contestant’s industry knowledge to the test, in TXF’s very own game show: Who wants to be a commodity financier?

Plenary

Closing remarks

A final address to end a dynamic day of content and networking 

Plenary

Cocktail drinks reception sponsored by Credit Europe Bank

Time to head into the winter garden for some drinks and more networking 

13 May 2025
Wintergarden

Invite only: Black tie industry awards dinner

Enter the masquerade ball for an exciting night of celebration for the commodities industry! A bubbly drinks reception, followed by a three course dinner and the eagerly anticipated announcement of our top 10 Commodity Finance Deals of the Year: 



  • ECA Deal of the Year

  • Shariah-compliant Deal of the Year 

  • PXF of the Year

  • RCF of the Year 

  • Metals & Mining Deal of the Year

  • Agriculture Deal of the Year

  • Sustainability-Linked Deal of the Year

  • Technology Deal of the Year

  • Borrowing Base Deal of the Year

  • Acquisition Deal of the Year

Wintergarden

Invite only: Black tie industry awards dinner

Enter the masquerade ball for an exciting night of celebration for the commodities industry! A bubbly drinks reception, followed by a three course dinner and the eagerly anticipated announcement of our top 10 Commodity Finance Deals of the Year: 



  • ECA Deal of the Year

  • Shariah-compliant Deal of the Year 

  • PXF of the Year

  • RCF of the Year 

  • Metals & Mining Deal of the Year

  • Agriculture Deal of the Year

  • Sustainability-Linked Deal of the Year

  • Technology Deal of the Year

  • Borrowing Base Deal of the Year

  • Acquisition Deal of the Year

Plenary

Registration and breakfast

Collect your badge from the registration desk, grab a coffee, and get in some early networking

Plenary

Opening remarks

Hesham Zakai
Managing Director,
Exile Group

Kicking off TXF Amsterdam 2025, some opening remarks coloured by TXF data

Plenary

Macroeconomic outlook: The Future of Commodity Markets

Saad Rahim
Chief Economist,
Trafigura Group Pte
Jean Francois Lambert
Founder & Managing Partner,
Lambert Commodities
Caroline Bain
Economist,
Bain Commodities Research
Moderator
Hesham Zakai
Managing Director,
Exile Group

Back by extremely popular demand, Trafigura’s Chief Economist Saad Rahim will be addressing  the long-term outlook for commodities in a world shaped by geopolitical shifts, climate change, and technological disruption, followed by a moderated discussion with industry experts. 

Plenary

Trading Forward: Adapting strategies in an ever-changing landscape

Oliver Schenkenberg
Group Treasurer,
Gunvor
Sander Stuijt
CFO,
Duferco
Todd Hermanson
Group CFO,
Traxys
Olivier Boujol
VP and Global Head,
ADM
Philippe Penet
Managing Partner & CFO,
Sucafina
Moderator
Catherine Lang-Anderson
Partner,
A&O Shearman

Navigating liquidity, geopolitical risks, sustainability, and adapting to an evolving financial landscape are all equally important elements of being a commodities trader. This session gathers C-suite traders across agri, metals and energy to hone in on the biggest challenges and changes facing the market.

Plenary

Morning coffee break

Grab a coffee and get networking 

Plenary

Energy traders: Sustaining the future

Elsa Pernot
Global Head of Sustainability,
Gunvor
Andrej Nabergoj
Senior Business Controller,
STX Commodities
Christine Dirringer
Global Head TCF Lending,
Rabobank
Michelle Horsfield
Executive Director, ESG Advisory,
Sumitomo Mitsui Banking Corporation (SMBC)
Jean-Jacques Poublet
Global Head of CTF,
UBS
Moderator
Kam Hessling
Managing Director,
Loan Market Association

The global push for climate action has never been more crucial. This session will explore several key commitments from energy traders and producers, including the shift towards biofuels and renewable energy, enhancing traceability systems, addressing scope 3 emissions, and the role that banks are playing in financing sustainable flows and supporting their clients towards a greener future. 

Sustainability Stream - Workshops

The decarbonisation of the metals industry: Financial and regulatory implications

Alexander Peters
Board Member of Commodity Club Switzerland,
Commodity Club Switzerland
Stephen Thomas
Head of ESG & Sustainability,
ArrowResources AG
Osher Beveridge
Sustainability and Physical Markets Development Manager,
London Metal Exchange
Moderator
Alexis Christodoulou
Global Head - Trade & Sustainable Commodity Finance,
Societe Generale

New regulations that will push transparency in terms of calculating carbon emissions in the metals industry will apply pressure from all angles to decarbonise, from source to customer. This session tackles what this change means for metals traders and those financing this trade.

Plenary

Vertical Integration: Complex but rewarding

Simon Huber
Group Treasurer & Global Head (structured-) Commodities Finance,
Bluequest Resources AG
Olena Sytarchuk
Head of Trade Finance,
D.Trading
Preslav Raykov
Global Head of Trading,
Eleen Marine
Kate Richardson
Structured Commodity Finance Specialist,
BP
Faysal Tazi
Head of Finance MENA,
BGN
Moderator
Aife Howse
Commodities Content Manager,
TXF

This session will explore how traders are vertically integrating their supply chains and the benefits, such as capturing back net value, to minimizing risks, the challenges, such as higher capital and operational capacity, and the strategies involved, from upstream to downstream. 

Sustainability Stream - Workshops

Deal case study: The first ever eBL-linked borrowing base

Shobhit Singh
Head of Trade Finance - Metals, Minerals & Bulk,
Trafigura Group Pte
Camille Maurs
Group Lead Structuring & Execution, Trade & Commodity Finance,
ING Bank
Nicholas Demetriou
Director, Growth,
ICE Digital Trade (formerly essDOCS)
Moderator
Jackie Jones
Counsel,
Clifford Chance

In this workshop style session, we will be picking apart Trafigura's 2024 £2.8 billion borrowing base, which is the first ever syndicated financing to include eBLs as secured collateral, answering questions such as: 

  • What makes this deal so unique?
  • How was the eBL-linked element of this deal structured?
  • What were the biggest headwinds in structuring and closing this deal? 
  • Could this deal pave the way in the future?

Plenary

Networking lunch

Time for delegates to enjoy an extended networking lunch

Plenary

Navigating risk: Spotlight on insurance

Okan Dalanay
Director Structured finance,
BGN
Rakesh Ranchhoddas
Bank and Insurance Relations & Global Customer Solutions,
Archer Daniels Midland
Joe Bennett
Director,
BPL
Colin Venettis
Lead UW Energy -- Commodity & Energy Transition Finance,
Swiss Re Corporate Solutions
Moderator
Jonathan Bell
Editor-in-chief,
TXF

This session gathers underwriters, brokers and users of CPRI to discuss how the market has evolved over the past year, why short term deals are growing in popularity and how the insurance industry can support commodities trade flows.

Sustainability Stream - Workshops

Stages for Change : Paving the way for Future Talent

Soraya Ahmed
Managing Director,
JP Morgan
Olivier Boujol
VP and Global Head,
ADM
Moderator
Mathilde de Mareuil
Vice president,
WISTA Switzerland

In this breakout session, we will hear from some of the brilliant leaders that make up the commodities industry, spotlighting their career paths and focussing on how the industry can continue to attract and further career opportunities to future talent.

Plenary

New power players: Shifting dynamics in commodity finance

Oliver Roe
CEO,
OPR Group
Orhan Gunes
Founder | Managing Director,
TradeQraft
Akim Kibalnik
Head of Structured Trade Finance, EMEA,
BBVA
Moderator
James Lowrey
Managing Director,
Fifty One Point Five North

Leaders from trading companies, banks, ECAs, and alternative financiers discuss the changing landscape of commodity finance, exploring the rise of new players, the evolution of traditional roles, and the increasing importance of partnerships and collaboration.

Sustainability Stream - Workshops

AI in commodity finance: Pioneering future flows

Dom Kloiber
Co-founder,
Exile Group

This session will explore how AI is transforming export finance, addressing ethical considerations, and highlighting future trends. Participants will engage in a Q&A to discuss diverse perspectives and actionable steps for integrating AI into their practices.

- What is AI's role and current application within the commodity finance industry?

- What potential workflow changes and ethical challenges have cropped up so far?

- What upcoming innovations could we see? How would you like to use AI in commodity finance?


Plenary

Banking on the future: Oxford style debate

Mehmet Emin Gokdel
Head of Structured Trade and Commodity Finance,
Credit Europe Bank NV
Barry Pieters
Head of Natural Resource Finance Amsterdam,
Deutsche Bank
Enrique Rico
Global Head of Trade & Working Capital solutions,
Santander
Ayca Ayhan
Director - TCF Oil&Energy,
Garanti BBVA International
Atakan Akkaya
Managing Director, Head of CSTF EMEA & Global Coordinator for Commodity Finance,
MUFG Bank
Maarten Koning
Managing Director, Global Head Trade and Commodity Finance,
ING Bank
Moderator
Dom Kloiber
Co-founder,
Exile Group

Join the commodity finance bank’s annual get-together, as the dynamic panel of leading financiers go head to head in an Oxford-style debate 

Plenary

Game show session: Who wants to be a commodity financier?

Gary Coates
Senior Partnerships Manager,
TXF
Mac MacNamara
CEO,
Carshalton Commodities
Aife Howse
Commodities Content Manager,
TXF

Powered by TXF intelligence, this session will put a panel of contestant’s industry knowledge to the test, in TXF’s very own game show: Who wants to be a commodity financier?

Plenary

Closing remarks

A final address to end a dynamic day of content and networking 

Plenary

Cocktail drinks reception sponsored by Credit Europe Bank

Time to head into the winter garden for some drinks and more networking 

Plenary

Breakfast and networking

Welcome back to day 2! Grab a coffee and get networking

Plenary

Opening Remarks: Welcome back

A short address to welcome delegates back to day 2 of TXF Amsterdam 2025!

Plenary

Economist ted talk: Liberation Day After: what next for commodities?

Rebecca Harding
Economist,
Independent

In this keynote presentation, independent economist Rebecca Harding talks us through the biggest consequences of the past year’s elections on the commodities industry, including the first impacts of the US election, and what this means for the energy transition, geopolitical stability, and commodities prices.


Plenary

Regional deep dive: The Gulf as the World's New Critical Minerals Hub

Robert Besseling
CEO,
Pangea Risk

Global demand for critical minerals is fast approaching a new peak to fuel the green energy transition and the industrial revolution, as well as to support the military and defence sectors. Cash-flush Gulf states are emerging as thriving hubs to facilitate global trade in these minerals by both tapping into their own vast reserves and investing in the volatile African mining sector. Pangea-Risk's CEO analyses the latest investment trends and country risks in Middle East and African mining.

Plenary

Africa: The next frontier in commodity finance

Nicolas Mignot
Chief Financial Officer,
Sahara Energy Group
Dhaval Shah
CFO,
AfriMet Resources AG
Philippe Delignieres
Account Manager,
Credendo
Wouter Kool
General Manager Rabobank Africa,
Rabobank
Moderator
Adrian Mellor
Partner,
A&O Shearman

This session explores the vast potential of the African continent as a source of critical minerals and other commodities. The session will feature discussions on infrastructure development, investment opportunities, political and regulatory challenges, and the role of ECAs and development banks in supporting growth.

Plenary

Spotlight on softs: Navigating emerging trends

Natalia Haas
Managing Partner,
Mercator Commodities AG
Jayant Parande
Group Treasurer & Global Head – TSF,
Olam Group Limited
Atiye Ece ERKAN
Chairman & CEO,
Turun Flour Mills
Moderator
Ralph Ivey
Reporter,
Exile Group

In the face of dynamic global shifts, the agri and soft commodities sectors are undergoing significant transformations. This session will explore the key trends reshaping the industry landscape, including geopolitical instabilities impacting supply security, market consolidation, the rising emphasis on corporate social responsibility (CSR), and the scope for digital transformation.

Plenary

The future of commodity flows: Rising talent in the spotlight

Thomas Van Eijl
Commercial operator,
Shell
Max Rausch
Business Developer & Commercial Analyst,
Cefetra
Julia Flores
Supply chain management,
Cargill
Moderator
Mathilde de Mareuil
Vice president,
WISTA Switzerland

We often hear from the most senior in the industry, but this session gives the stage to the younger generation of bankers, corporates and service providers who are innovating and growing the industry, to discuss the future of the commodities market, and what the younger generation of talent is looking for. 

Plenary

Closing remarks

Wrapping up another fabulous year of content, networking, drinks and awards, the final closing remarks. See you all next year!

Plenary

Networking lunch

There's still time to squeeze in some final networking and meetings, as the winter garden opens for another networking lunch