Bibby Financial Services (BFS) has appointed Chris Sygrove and Jonathan Myerscough as corporate managers for the Midlands.

Myerscough joins from Aldermore Bank, where he was regional sales director and Sygrove moves from his previous role as business development manager at BFS.

Having held sales and operational roles with Aldermore, RBS IF and Lloyds Bank Commercial Finance, Myerscough has more than 15 years’ experience in invoice finance, with 11 years spent in business development.

Sygrove joins the corporate team following three years in BFS’s commercial invoice finance division. Prior to this, he spent eight years in commercial and corporate banking roles with NatWest and RBS.

Both are responsible for structuring finance packages between £1m and £15m for larger SMEs and will be based from BFS’s West Midlands Business Centre in Birmingham.

Ben Smith, head of corporate for Bibby Financial Services in the Midlands, said: “I’m delighted to welcome Chris and Jonathan to the corporate team at Bibby Financial Services. The Midlands is a hotbed of enterprise and innovation. Over the past 12 months, we have seen our corporate team go from strength-to-strength, writing more than 30 new transactions  with funding lines exceeding £1m across the region.

“Chris and Jonathan are highly experienced in structuring working capital facilities and developing funding for complex transactions. With them both on board, I’m confident we will be able to further boost our support for Midlands businesses, in addition to building new relationships throughout the professional  community in the region.”

Myerscough said: “BFS’s global presence and place in the Sunday Times Best Companies were hugely important in my decision to join. Predominately, however, my decision to join BFS was based on two key elements: the people and the approach.

“The team at BFS is incredibly experienced, but first and foremost we’re a relationship-based funder and it is rare to find corporate financiers with both attributes. I’m delighted to be joining the Corporate team at such an exciting time for BFS.”

Sygrove added: “BFS is an extremely forward looking funding provider and we have ambitious plans to grow our corporate funding capability throughout the Midlands. I’m pleased with my new role and look forward to supporting businesses and advisers alike with our corporate funding solutions.”