Bibby Financial Services (BFS) has appointed former HSBC Corporate Invoice and Equipment finance director, Kevin Craven.
BFS is the country’s largest independent invoice financier, providing upwards of £388 million to businesses in the UK and handling annual client turnover of £4.9 billion.
Craven joined the business at the start of June as corporate sales director, reporting into UK sales director, Dave Golding.
Golding said: “Kevin’s an experienced senior executive with substantial knowledge and understanding of invoice finance and asset based lending. I’m delighted to welcome him to BFS at a time when we are growing our market-share in larger-ticket transactions.”
Craven – who has over 20 years’ experience in the finance sector – was responsible for growing HSBC’s invoice finance and asset based lending by 450%.
He will take-charge of BFS’ Corporate team of 11, with plans to boost this number over the coming months. The corporate team is responsible for developing opportunities for larger transactions and businesses requiring in excess of £1 million funds-out. Since its formation, the team has structured almost 200 deals.
Craven said: “I’m delighted with the opportunity to build on the great start made by the Corporate team since its creation in 2012. I have been incredibly impressed with the flexibility and speed with which the team can deliver customer centric solutions. I see this as a great opportunity to work with the corporate finance community and to demonstrate our capabilities in this space.”
Golding added: “Bibby Financial Services has made a number of key appointments nationally since the start of the year and we are in a great position to support businesses and transactions of all sizes, across a variety of industry sectors.
“Kevin’s appointment is important to the long-term sales strategy of the business and I’m certain he’ll be a real asset in helping us to steal a march on the competition for larger deals.”
