Daily News: January 17, 2013

Bibby Financial Services Adds Key Staff to Montreal


Bibby Financial Services announced that Michael Kerdman joined the Montreal team as operations manager.

Kerdman will drive new business opportunities, manage the office’s portfolio and develop the operations team. He will report directly to Bob Lall, managing director, and will focus on helping small- and medium-sized businesses grow through creative and flexible cash flow solutions.

Kerdman joins the company with 23 years of experience in asset-based lending and accounts receivable finance. Most recently he was manager, risk assessment at TCE Capital and field auditor at Accord Financial. Previously, he was senior manager, operations at Greenfield Financial Group and senior manager, collections at CIT Group/Newcourt Financial.

Kerdman also spent time running his own business as a comprehensive business consultant; he began his career at North American Trust Company as portfolio manager, equipment finance.

“We are delighted to have someone with Michael’s background join our team,” said Lall. “He has extensive experience helping businesses in Quebec find cash flow solutions. His dedication to the region, along with his experience, makes him an ideal candidate for this key role.”

Bibby Financial Services provides business cash-flow solutions to small- and medium-sized companies. Its product portfolio includes accounts receivables finance, factoring, non-notification factoring, export finance, purchase order finance, specialist solutions for the staffing and trucking sectors.