Bibby Financial Services (BFS) has appointed Ian Ramsden as group risk director on a permanent basis.

Ramsden joined the invoice finance provider in 2005 and held the position of UK risk director until November 2015, when he took-on responsibility for the group risk function on an interim basis.

Prior to joining BFS, Ramsden held the position of head of large client audit at Barclays, leading a team involved in structuring and managing facilities for corporate clients. In 2015, he headed-up BFS’s successful securitisation, a process which saw BFS UK increase its total funding available by over £290m.

He said: “We have a unique risk model at Bibby, which gives us more flexibility than other funders so we can adapt to meet the needs of our clients – both large and small.

“Following our successful refinancing arrangement in 2015, we’re in a fantastic position to support more traditional SMEs, larger corporates and intermediaries alike.

“In the UK alone, we have over £770m in funding available to support businesses and we’re now looking to grow our funding support globally, with a strong focus on key markets such as USA and Germany.

“I’m delighted with this new role and look forward to helping BFS grow even more over the years ahead.”

David Postings, global chief executive at BFS, added: “Ian has been critical to the growth and development of BFS in the UK over recent years so I’m delighted to have him on board in a global capacity.”