Daily News: February 1, 2019

Bibby Appoints Ciccolo Managing Director of Factoring & ABL

Bibby Financial Services brought on board David Ciccolo as its new managing director for its U.S. Factoring & Asset Based Lending business based in Atlanta.

Ciccolo brings with him over 30 years of experience in commercial banking, factoring and asset-based lending. He previously worked at Wells Fargo Capital Finance, most recently as the executive vice president/national sales manager of Commercial Services. Prior to that role, he held the title of executive vice president/national manager of Accounts Receivable and Purchase Order Financing.

His earlier career experience included positions in business development and portfolio management, as well as commercial banking.

Ian Watson, president of Bibby Financial Services North America, commented, “We are delighted to have David join BFS and look forward to him leading the company’s initiatives to enhance its product offerings and service capabilities. With his 30 years of commercial finance expertise and background in portfolio management in factoring and ABL, he will provide fresh insights and perspectives to our strategy. David will be instrumental in growing the business and expanding our client base.”

“I am honored and excited to work with such a dynamic team. BFS has already established itself as a global leader in providing factoring and ABL services to SMBs. Our cross-border finance offering enables SMBs to trade internationally,” said Ciccolo. “The flexibility of our funding makes it possible for SMBs to reach their business goals, especially in times of challenge and expansion. I’m genuinely looking forward to getting involved with BFS at this period of growth for the company.”

Ciccolo is a member of the Turnaround Management Association and the Commercial Finance Association.

Established in 2001, Bibby Financial Services is an independent financial services partner to more than 10,900 businesses, providing more than $1.25 billion in funding annually and handling $11.6 billion in annual client turnover. With over 40 operations in 14 countries spanning 3 continents, BFS provides asset-based lending and factoring solutions to help businesses grow in domestic and international markets.