Bibby Financial Services announced Kate Smith has been promoted to Head of Operations, Bibby Financial Services, Midwest. In her new role, Smith will be responsible for managing the operations team and growing the portfolio while mitigating risk. She will report directly to Sue Duckett, Managing Director, Midwest.

Smith joins the Midwest team with 15 years of experience. She previously worked for the Bibby Financial Services International division in Banbury, U.K. as Operations Manager. In this role she helped develop the company’s international trade offering, linking Bibby Financial Services offices worldwide to facilitate international collections and money management across currencies, time zones and language barriers. Prior joining Bibby Financial Services, Smith worked in all areas of operations, including audit and relationship management at Aldermore Invoice Finance, Close Invoice Finance, IGF Invoice Finance and RDM Factors.

“We are thrilled to have someone with Kate’s background lead our operations team,” said Duckett. “At Bibby Financial Services we often recruit from our 146 offices across the world to fill key positions. The U.K. factoring market is quite mature so Kate will be able to bring the benefit of that knowledge and experience to our U.S. clients.”

Bibby Financial Services is a worldwide market leader in business cash flow solutions to small- and medium-sized companies.