Daily News: May 7, 2014

Ex-Lloyds Director to Drive Bibby’s Expansion Plans

Bibby Financial Services (BFS) announced it has appointed former Lloyds commercial finance client and collateral management director, Ian Lomas, as niche products director, reporting directly to UK chief executive, David Postings.

Postings said the appointment forms part of BFS’ significant expansion strategy. He said: “Ian is an experienced senior executive with a history of success. I’m delighted to welcome him to BFS where I’m sure he will have an immediate impact.”

Lomas — who has 22 years’ experience in the invoice finance market — will be responsible for the funder’s lease finance, trade, international and construction products as it looks to further compete with the banks in lending to businesses.