SOURCE: Bibby Financial Services

Bibby Financial Services

March 07, 2011 12:00 ET

Bibby Financial Services Adds Staff on the East Coast

Wolfe and Watson Appointed as VPs of Business Development

CHICAGO, IL--(Marketwire - March 7, 2011) -  Bibby Financial Services is pleased to announce two new hires on the East Coast; Patrick Watson, will service the Maryland and Washington, D.C. areas and Neil Wolfe, will service New York and the surrounding areas.

Watson is a veteran of the Maryland/D.C. area. He comes to Bibby Financial Services with 19 years of experience and has a comprehensive knowledge of the factoring market. Watson's expertise includes underwriting and business development. Most recently, he worked at Baltimore-based Greystone Commercial Services as a Regional Manager responsible for business development in the Mid-Atlantic Regional.

Neil Wolfe will be responsible for business development in New York and the surrounding region. Over the past 10 years, Wolfe has worked extensively in financial services, holding positions from analyst to underwriting to business development. Most recently, Wolfe worked at New York-based First Capital as VP of Business Development.

Both hold the title of VP of Business Development at Bibby Financial Services and will report to Bob Lall, Managing Director.

"We are fortunate to have these qualified individuals to help East Coast small and medium-sized businesses find cash flow solutions. We're confident in both Patrick and Neil's abilities to bring on new business in this important region. Both have extensive commercial finance experience and well-developed business networks," said Lall.

Bibby Financial Services is a worldwide market leader in business cash flow solutions to small and medium-sized companies. With offices in eight North American cities and 13 countries around the world, its product portfolio includes accounts receivables finance, factoring, export finance, purchase order finance, specialist solutions for the staffing and trucking sectors, and it is an approved lender for the Export-Import Bank's working capital guaranty delegated authority program. Bibby Financial Services is a subsidiary of a 203-year-old privately held company based in the United Kingdom.

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