Jonathan Andrew is to join Bibby Financial Services as global CEO on 1 September.

Andrew (pictured) joins the independent financial services company having served as global chief operating officer at international B2B lender Peac Finance.

He also serves as non-executive chairman of Arkle Finance Limited, part of Weatherby’s Banking Group.

He was previously global chief executive of Siemens Financial Services, Commercial Finance.

The appointment follows current Global CEO David Postings’ decision to step down from the role after nine years. Postings will remain with the business during a transitional period to ensure a smooth hand-over.

John Cresswell, Bibby Line Group CEO said: “We are delighted to attract a leader of Jonathan’s calibre to Bibby; his commitment to customer service and unique sector experience make him ideal for this role, and I am looking forward to him leading our financial services business in its next phase of development.

“With the sale of BFS’ US business bolstering liquidity and the restructuring programmes delivered this year, David will leave the business in a great position to grow as the UK economy recovers from the impact of the coronavirus pandemic. I’d like to take this opportunity to thank David for his support and commitment over the last nine years.

Andrew added: “I am very pleased to join such an innovative, values-led company that is truly committed to customer service and colleague development. I look forward to meeting the team and developing BFS in its next stage of growth in these dynamic global markets.”