The Texel Group, a specialist credit and political risk insurance broker, has announced a number of senior appointments, including William Shaw’s promotion to Deputy CEO.
Based in London, Shaw was promoted to his new role from his Managing Director of Texel Asia PTE ltd (Texel Asia) position in Singapore.
Taking over the role of Managing Director of Texel Asia will be Angela Chang, who previously served as a broker in the company’s Singapore office.
Additionally, also based in London, Jonathan Crossfield has been hired as Chief Financial Officer, becoming the first executive to hold this position.
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.”
Shaw has been part of Texel since 2003, when he joined as the company’s fourth employee, during that time he was tasked with running our corporate finance activities.
This was followed by a three year stint establishing Texel in the USA. In 2012 Shaw moved to Singapore to create Texel’s presence in Asia and remained there for 12 years.
Chang brings to her new role over 18 years of financial services and banking experience. She has held roles in Aviation Finance and Syndications team at MUFG and DVB Bank before joining Texel in 2022.
She began her career with Deutsche Bank in 2006 holding multiple roles throughout her tenure with the company. She then moved to the Credit Structuring team, where she was the dedicated structurer responsible for non-payment insurance for global markets business in Asia.
“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,” Lennard added.
Finally, Crossfield joins Texel from Snowfall, a global travel tech SaaS organisation. He began his career as a chartered accountant with Deloitte & Touche before holding analyst roles at Cazenove and Bank of America Merrill Lynch.
Through his career, the executive has also held COO roles for Wonder PL and Vox Markets before becoming CFO of Featurespace in 2017.
As Texel CFO Crossfield will be reporting to CEO Lennard, who commented: “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.”
