SOURCE: Bibby Financial Services

Bibby Financial Services

November 04, 2014 07:00 ET

Bibby Financial Services Appoints Tom Whatley to Senior Risk Officer

Former SunTrust Bank Vice President to Help Lead Bibby Financial Service's North American portfolio

ATLANTA, GA--(Marketwired - Nov 4, 2014) - Priming for a year of expected growth, Bibby Financial Services hires Tom Whatley as senior risk officer. Whatley previously served as Southeast Regional Director at House of Adjustments, Inc. and worked in SunTrust Bank's Factoring Division for more than 25 years. In this role, Whatley will assist in the management of the company's North American portfolio, advising sales teams in best practices regarding risk with existing clients, as well as new business initiatives. Additionally, Whatley will oversee the compliance and underwriting within the company's six regional offices.

Bibby Financial Services provides companies several unique offerings to jumpstart businesses' revenue growth, including factoring, asset-based lending, purchase order finance and import and export factoring. Bibby Financial Services is primed for North American growth, as business loans grew at a 12.6 percent annual rate in the second quarter of 2014, according to Federal Reserve data and SNL Financial.

"We are excited to bring someone with Tom's strong background on board with our risk team," says Leigh Lones, Bibby Financial Services CEO. "With his depth of experience, we are confident he will become an asset to the North American team."

About Bibby Financial Services
Bibby Financial Services is a worldwide market leader in business cash flow solutions to small- and medium-sized companies. With offices in 10 North American cities and 15 countries around the world, its product portfolio includes accounts receivable finance, recourse and non-recourse factoring, non-notification factoring, export finance, purchase order finance, asset based lending, specialist solutions for the trucking sector, and it is an approved lender for the Export-Import Bank's working capital guaranty program. Bibby Financial Services is a subsidiary of a 207-year-old privately held company based in the United Kingdom.

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