• STERLING ADDITION: Nasim Siddiqi, previously senior vice president of Anchor Finance Group, has joined Sterling Trade Capital as vice president and director of business development. A division of Sterling Factors, Sterling Trade specializes in import trade finance. Siddiqi is responsible for developing new business, as well as the cross-selling of other Sterling products. John La Lota, president of Sterling Factors, said Siddiqi will allow Sterling to expand its import letter of credit business in what is now again a growing market. Renamed Sterling Trade Capital, its predecessor was DCD Capital, a small factor with expertise in the Southeast Asian market acquired by Sterling last year.

This story first appeared in the August 10, 2010 issue of WWD. Subscribe Today.

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