Bibby Financial Services US (BFS) anounced that David Ciccolo is its new Managing Director for its US Factoring & Asset Based Lending (ABL) business based in Atlanta.

Ciccolo brings over 30 years of experience in commercial banking, factoring and asset-based lending. 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 that role he held the title of Executive Vice President/National Manager of Accounts Receivable and Purchase Order Financing. His earlier career experience included positions in business development and portfolio management, as well as commercial banking.

Ian Watson, President of Bibby Financial Services North America said:

“We are delighted to have David join BFS and look forward to him leading the company’s initiatives to enhance its product offerings and service capabilities. With his 30 years of commercial finance expertise and background in portfolio management in factoring and ABL, he will provide fresh insights and perspectives to our strategy. David will be instrumental in growing the business and expanding our client base.”

Speaking of his appointment, Ciccolo said:

“I am honored and excited to work with such a dynamic team. BFS has already established itself as a global leader in providing factoring and ABL services to SMBs. Our cross-border finance offering enables SMBs to trade internationally. The flexibility of our funding makes it possible for SMBs to reach their business goals, especially in times of challenge and expansion. I’m genuinely looking forward to getting involved with BFS at this period of growth for the company.”

Ciccolo graduated from Regis University in Denver, CO with a double major in business administration and economics. He is a member of the Turnaround Management Association and the Commercial Finance Association. Ciccolo has relocated from Denver, CO to Atlanta, GA to take up his position.