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Structured Trade and Commodity Finance.

Connecting Capital with Global Trade

We finance transactions not Companies. We are not a lender in a traditional manner and we do not provide loans to companies. All funding that we provide is repaid upon completion of the transaction and our exposure ends at that point.


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John MacNamara

Chairman & CIO

Mac has assumed executive and senior management positions in the commodity trading and financing industries since 1982. Over the course of the last 20 years, he has built Deutsche Bank’s global Structured Commodity Trade Finance franchise, a multiple- year “Best Structured Commodity Trade Finance Bank” award-winning business by various industry publications, leaving his position of Global Head and Vice Chairman at the end of 2019. Prior to joining Deutsche Bank, Mac headed Structured Trade and Commodity Finance at Santander Central Hispano and before that Bayerische Hypo-und Vereinsbank. Based in London, he is involved in a number of industry-wide initiatives, amongst others as the Chairman of the London Trade Roundtable that provides thought leadership in international trade finance, the advisory board of Global Trade Review and Trade & Forfaiting Review to which he regularly contributes. Mac’s publications include the Elsevier-published “Structured Trade & Commodity Finance: What Can Go Wrong” - an in-depth guide to structured trade and commodity finance in emerging markets. Mac has an MA from Cambridge University and is retired officer of the Royal Marines

Mac serves as the Chairman of the Board, overseeing Synthesis’ risk and control frameworks, risk appetite and holds decisioning authority on all investment opportunities entering the securitisation programme.

Dr. Tasneem Krueger-Vally

Managing Director & Head of SCTF

Tasneem has 15 years of experience in structuring and executing complex financing for clients operating in the natural resources and commodities sectors; 7 years of risk management experience and 5 years of consulting experience. At Deutsche Bank, she closed more than 60 transactions in 7 years driving revenues and business growth globally which led to her being awarded Top Dealmaker, two years successively by TXF. In her time at Deutsche Bank she held senior roles of Head of Middle East & Africa, Structured Commodity Trade Finance (STCF); Head of Business Development, SCTF where she expanded the SCTF business into Australia, setting up and resourcing the Sydney office and was the Global Coordinator for Borrowing Base Facilities. Prior to joining Deutsche Bank, Tasneem was responsible for a c. AUD 4bn natural resources, oil & gas portfolio in the IB&M Risk Division (Sydney). She has also worked for Rand Merchant Bank in London after a successful career as a senior consultant for Alexander Forbes Risk Services (Johannesburg) where she managed projects across various industry sectors across the globe. She currently serves on the executive committee of the London Trade Roundtable. Tasneem holds a doctorate in Chemical Engineering and Masters in Business Administration.

Spyros Papadopoulos

Founder, Chief Strategy Officer

Spyros has 22 years of experience in alternative investments. He began his career in Private Banking, first with Citigroup in London and Geneva and then with Société Générale in Athens. Spyros moved on from Private Banking in 2006 to set up an asset management company for Deloitte, before returning to London as a Director of the hedge fund Absolute Return Partners. In 2012, he launched the first Peer-to-Peer Lending Fund outside of the US, investing in consumer lending products. Since July 2014, his focus was on the then nascent asset class of packaged structured trade & commodity finance credit. In 2016 Spyros spearheaded the first structured commodity trade finance securitisation by a non-banking institution under the Synthesis name and has continued with the development of the business since. Spyros holds an Investment Management Certificate of the CFA-Society of the UK and is at the helm of Synthesis’ investor relationships as Group’s CSO.

Matthew Edwards

Investor Relations

Matthew has over 27 years’ experience in financial services. He began his career with Tullet and Tokyo in the city of London in 1990 where he quickly established himself as a leading broker. Matthew worked for two other leading brokerage houses in London before moving to Athens in 1997. He was head of all foreign exchange activities for Sigma money brokers who under his guidance became the global benchmark for GRD brokerage. He has since acted as a business development consultant for ICAP London, BGC Partners and Cleaves Securities. Throughout his career Matthew has developed and managed key client relationships and maintains strong relationships with banks, brokerages and private equity firms.

Jose Antonio Fernandez


He has over 14 years’ experience in M&A, focus on Financial Institutions Group, (FIG), having participated in several transactions, among others advising the FROB on the privatization of Catalunya Banc with an innovative structure (bought by BBVA for €1.1 bn and by Blackstone for €3.6 bn), Bankia on the equity sale of Bancofar, and BMN in the merger with Bankia. Recently, in 2018, he co-founded Zero1, a Fintech Company, which use the Machine Learning technology in order to disrupt the Supply Chain Finance industry, solving finance gap in trade finance. Previously, José Antonio worked in Alantra Investment Bank, Deloitte’s Financial Institutions Area & Banco Espirito Santo Investment Bank.

Michael Bray

Legal Counsel

Michael has over 40 years of experience as a banking lawyer in London. During this period of time he has provided assistance to many of the world’s leading financial institutions, and has been mentioned regularly in legal directories as one of the world’s leading banking lawyers. He has contributed to developing many banking and financial products and possesses significant experience in all areas of bank transactions and capital markets, including leverage finance, project finance, structured finance, commodity and trade finance and insolvency and restructuring procedures. Michael has regularly provided assistance to clients at Board level and, in the 2008 financial crisis, he acted as a high-level strategic legal advisor to financial institutions on issues ranging from major litigation disputes to financial regulatory reforms, and to the implications of the Eurozone crisis. From 1976 to 2015, Michael was a banking partner at Clifford Chance, where he also held a number of senior management roles. From 1995 to1999, Michael was Chair of the Global Finance and Capital Markets Practice of Clifford Chance and from 1999 to 2002, Michael was the Firm’s Global Managing Partner. After retiring from Clifford Chance in 2015, Michael became, and remains, a partner in, and member of the executive committee of, Grimaldi Studio Legale, a firm which he co-founded as a part of Clifford Chance when Clifford Chance first established a presence in Italy. Michael holds a first class honours degree in law from Liverpool University.

Synthesis investment committee consists of a team of 5 trade finance professionals with each having over 20 years' experience in commodity trade finance.

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