David takes over from Ian Watson who has served as President and CEO since March of 2016.
David Ciccolo said: “BFS is a strong and diverse company, supporting the aspirations of more than 10,900 businesses worldwide through our financial solutions.
“It has in its DNA an innate understanding of the needs of small businesses and there is a great opportunity to leverage our outstanding commitment to clients and the experience gained from our 200+ year history to help scale and deliver on this potential.”
Ciccolo, who has more than 30 years of experience in commercial banking, factoring and asset-based lending, joined BFS as Managing Director for the U.S. in January 2019.
He previously held executive-level positions at Wells Fargo Capital Finance in Denver, CO, most recently as the Executive Vice President/National Sales Manager of Commercial Services.
Prior to this, he held the title of Executive Vice President/National Manager of Accounts Receivable and Purchase Order Financing.
David Postings, Global Chief Executive, BFS said: “At our core, we are a relationship based financier and this means we get to know our clients’ businesses so that we can tailor an approach that fits them now and in the future.
“With David’s track record and experience, I’m confident that we can continue to further grow our support for North American businesses.”
About Bibby Financial Services
Bibby Financial Services is a leading independent financial services partner to more than 10,900 businesses, providing more than $1.25 billion in funding annually and handling $11.6 billion in annual client turnover. With over 40 operations in 14 countries spanning 3 continents, BFS provides asset-based lending and factoring solutions to help businesses grow in domestic and international markets. Established in 2001, Bibby Financial Services supports businesses in virtually any industry.
BFS is part of Bibby Line Group, a diverse and forward-looking family business with over 200 years’ experience of providing personal, responsive and flexible customer solutions. To find out more about BFS in the USA and Canada, please visit www.bibbyusa.com or www.bibbycanada.ca.