Daily News: July 16, 2014

Former HSBC Director Joins Bibby Financial Services

Bibby Financial Services announced it appointed former HSBC’s corporate invoice and equipment finance director, Kevin Craven. Craven joined the business in June as corporate sales director, reporting into UK Sales Director Dave Golding.

Golding said the appointment forms part of BFS’ significant expansion strategy in the corporate finance market. “Kevin’s an experienced senior executive with substantial knowledge and understanding of invoice finance and asset-based lending. I’m delighted to welcome him to BFS at a time when we are growing our market-share in larger-ticket transactions,” Folding said.

Craven, who has more than 20 years’ experience in the finance sector, was responsible for growing HSBC’s invoice finance and asset-based lending by 450% through new business acquisition and customer service.

He will take charge of BFS’ corporate team of 11, with plans to boost this number over the coming months. The team is responsible for developing opportunities for larger transactions and businesses requiring in excess of £1 million funds-out. Since its formation, the team has structured almost 200 deals.

“I’m delighted with the opportunity to build on the great start made by the corporate team since its creation in 2012. I have been incredibly impressed with the flexibility and speed with which the team can deliver customer centric solutions. I see this as a great opportunity to work with the corporate finance community and to demonstrate our capabilities in this space,” Craven said.

“Bibby Financial Services has made a number of key appointments nationally since the start of the year and we are in a great position to support businesses and transactions of all sizes, across a variety of industry sectors,” Golding said. “Kevin’s appointment is important to the long-term sales strategy of the business and I’m certain he’ll be a real asset in helping us to steal a march on the competition for larger deals.”