Summar Financial Names Mondragon VP of International Factoring Sales

Summar Financial named Luis Mondragon its new vice president of international factoring sales in an effort to help Latin American exporters finance growth.

For more than 25 years, Mondragon has managed sales teams for financial companies. He is also an expert in international management in sectors such as services, packaging and consumer goods.

"The logistical challenges with Asia accentuate the great opportunity in foreign trade with North America,” Alvaro Otoya, president of Summar Financial, said. “Summar wants to provide its expertise in international trade financing through, first, a strong team with the right talent, and, second, our international non-recourse factoring programs. They allow our clients to make credit decisions with confidence and peace of mind. Summar continues to consolidate itself as a leading international factoring company with unbeatable customer service and experience.”