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Bibby Financial Services Names Head of Operations, Canada

August 28, 2013, 07:52 AM
Filed Under: Industry News

Bibby Financial Services is pleased to announce Calum Williamson has been named Head of Operations, Canada. In his new role, Williamson will be responsible for managing the operations team and growing the portfolio while mitigating risk and ensuring that clients receive industry-leading customer service. He will report directly to Bob Lall, Managing Director, Canada.

Williamson brings 16 years of commercial finance experience to the Canadian team. He previously held the position of Managing Director, Bibby Financial Services, Scotland. In this role, he was responsible for boosting profits by almost 70% while having the highest client recommendation score of all of the Bibby Financial Services UK offices. Prior to joining Bibby Financial Services, Williamson worked at Lloyds TBS Commercial Finance and Halifax Building Society.

"We are delighted to have someone of Calum's caliber join our Canadian team," said Lall. "Calum brings with him knowledge of best practices from the U.K.'s mature factoring market and exceptional leadership skills. He has a proven track record of success and we are confident in his ability to guide our operations team in this quickly growing region."

In a separate release, Bibby Financial Services announced it has provided a $1 million non-notification factoring facility to a New York-based company that services the real estate industry.

While the business had noteworthy profits in 2012, a dip in sales and slow-paying customers constricted its cash flow. The company turned to Bibby Financial Services for an accounts receivable facility to help it take on large new orders.

"This client needed improved liquidity to grow," said Sue Duckett, Managing Director, Midwest. "They work with large customers that appreciate extended credit terms; factoring with Bibby Financial Services enabled them to offer 60-day terms, which makes them even more competitive."

Continued Duckett, "This client had previously tried to factor, but it had created issues with their customers. We didn't want to 'rock the boat,' so we offered the client non-notification factoring."

Bibby Financial Services is a worldwide market leader in business cash flow solutions to small- and medium-sized companies.

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