Bibby appoints new MD

Bibby Financial Services has appointed Derek Ryan as managing director to boost its support for UK SMEs.

Derek — who will take up his new role on 1st September — has over 17 years of experience in commercial finance, having held a variety of senior executive, global operations, and strategy positions across the financial services sector, including roles in the UK, Germany, Sweden, and Indonesia. 

He is set to join the company from Siemens Financial Services, where he was global head of invoice finance, and previously worked as head of global operations and as CEO for Indonesia and the Nordics regions.

“Growing up being part of a family business in Dublin, I know how important it is for SMEs to partner with organisations that truly understand the challenges and opportunities they encounter,” said Derek.

“Bibby Financial Services is a hugely innovative business with a fantastic client base and highly engaged, experienced colleagues. 

“More than ever, SMEs need to partner with financiers that offer more than just funding — and this is what Bibby Financial Services excels at. 

“I’m delighted to join the business at such a pivotal time in its growth trajectory and look forward to meeting colleagues, clients and intermediary partners alike over the coming weeks.”

Jonathan Andrew, global chief executive at Bibby Financial Services, commented: “Following a rigorous recruitment process, I’m delighted to welcome Derek to Bibby Financial Services. 

“Attracting an individual with Derek’s skills and experience demonstrates our ambition, and I’m confident we will continue to significantly grow our support for UK SMEs with him on board.

“We want to embrace the fourth industrial revolution and digital technology to enhance the entire customer journey for new and existing clients. 

“With our new structure and strategy in place, this is an incredibly exciting time for Bibby Financial Services, and I look forward to working alongside Derek to drive forward innovative change to support the UK’s economic recovery.”

In the first half of this year, the finance provider saw global client turnover grow by almost one-third year-on-year as SMEs around the world began to recover from the Covid-19 pandemic.

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