SOURCE: Bibby Financial Services

Bibby Financial Services

April 16, 2015 13:30 ET

Bibby Financial Services Announces Barry Kastner as Executive Vice President

Barry Kastner to Oversee Financing Company's Asset-Based Lending Solutions

ATLANTA, GA--(Marketwired - Apr 16, 2015) - Heading into its second quarter and anticipating a year of continued growth in its asset-based lending portfolio, Bibby Financial Services proactively hires Barry Kastner as Executive Vice President, Asset-Based Lending. Kastner will work with an experienced team of professionals to provide funding to middle market and larger businesses based on those companies' accounts receivable, inventory equipment and real estate. 

Bibby Financial Services provides middle-market to large business with an array of customized funding solutions for igniting revenue growth, including asset-based lending, factoring, purchase order finance and import and export factoring. The company services businesses with a global footprint across the United States and Canada. Bibby Financial Services expects its asset-based lending portfolio to continue to expand in 2015, as institutions awarded nearly $20 billion in asset-based loans in the third quarter of 2014, well above 2013's Q3 volume of $14 billion, according to Thomson Retuers.

Kastner joins the company as a seasoned finance professional with 38 years of experience in commercial banking and asset-based lending. Previous roles include executive vice president and head of TD Bank's Asset Finance Group. Kastner spent the majority of his career serving as managing director of Wachovia Capital Finance, which was the successor to Congress Financial Corp., where he served as executive vice president and chief operating officer. Additionally, Kastner is an active member of the Commercial Finance Association, and previously served as director of the association and president of the New York chapter. He is a graduate of Hofstra University and holds three securities licenses.

"It is imperative we bring seasoned finance expertise to support our asset-based lending portfolio," says Leigh Lones, Bibby Financial Services Americas CEO. "We are expecting a year of phenomenal growth in the asset-based lending arena, and we are sure that Barry's wealth of experience and knowledge will serve the team well."

About Bibby Financial Services
Bibby Financial Services, a worldwide market leader in business cash flow solutions, supports businesses of all sizes with flexible, customized financing solutions. With its asset-based lending and factoring products, the company provides clients access to the working capital needed to grow and support their businesses. Bibby Financial Services is proud to have helped more than 8,900 clients grow their businesses by providing nearly $1 billion in funding across the globe. It operates offices in seven North American cities and 16 countries. Bibby Financial Services is a subsidiary of The Bibby Line Group, a privately held company established in the United Kingdom in 1807. For more information, please visit www.bibbyusa.com or www.bibbycanada.ca.

Contact Information

  • Media Contact
    Savannah Weeks
    Trevelino/Keller
    (404) 214-0722 X 110
    Email Contact