Bibby Financial Services announced the hire of Michael Levy, senior vice president, Business Development and John Socarraz, senior vice president and underwriter.

Leading the business development charge in California, Levy has more than 30 years of ABL experience and has held senior management roles at Chase, Congress Financial and Senate Capital. Additionally, Levy served on the California Commercial Finance Conference’s board of directors.

Bringing more than 25 years of experience in financing middle-market companies, Socarraz will work to ensure continued ABL growth in Florida. He made impressive contributions at both TD Bank and Congress Financial, where he dealt extensively in the underwriting and execution of ABL deals.

“Having worked with Michael and John in the past, we are confident that their wealth of experience in ABL will bolster and further the growth of our ABL portfolio,” states Barry Kastner, executive vice president of Bibby Financial Services Americas.

“We feel the best investment we can make is in human capital,” says Leigh Lones, chief executive officer of Bibby Financial Services Americas. “We deliberately hire for skills that will drive our growth. Both Michael and John have proven ABL experience and have demonstrated the ability to grow that segment of business across a variety of markets.”