Illinois Financing Partners, a qualified purchaser of Illinois receivables under the state’s Vendor Support Initiative, appointed Andrew Greta as president of IFP Services.
Greta, who has more than 20 years of experience in financial services, including business development and general management roles at GE Capital and the CME Group, will be responsible for growing and servicing IFP’s more than $600 million in receivables by starting, staffing and running a new Champaign, IL-based office.
“As IFP continues to expand our financing capabilities, it’s imperative that we continue harnessing the talent of top quality financial professionals like Andrew to meet the needs of businesses impacted by Illinois’ $15 billion payment backlog,” said Lindsay Trittipoe, IFP’s CEO. “Andrew’s experience in originating new business and leading financial services organizations will be a critical driver of our future growth.”
Greta, most recently served as vice president for Busey Bank where he oversaw commercial client relationships across a $300 million portfolio of loans and deposits. Previously, as director – Business Development, Greta led global mergers and acquisitions, divestitures and strategic partnership deals for GE Capital and the CME Group. He began his career as a financial advisor with Prudential Securities.
Illinois Financing Partners was formed in 2013 by a group of Illinois businessmen, political leaders and seasoned finance professionals with direct experience in funding Illinois receivables to help address the state’s backlog of unpaid bills.