Heading into its second quarter and anticipating a year of continued growth in its asset-based lending portfolio, Bibby Financial Services proactively hires Barry Kastner as Executive Vice President, Asset-Based Lending. Kastner will work with an experienced team of professionals to provide funding to middle market and larger businesses based on those companies' accounts receivable, inventory equipment and real estate.

Kastner joins the company as a seasoned finance professional with 38 years of experience in commercial banking and asset-based lending. Previous roles include executive vice president and head of TD Bank's Asset Finance Group. Kastner spent the majority of his career serving as managing director of Wachovia Capital Finance, which was the successor to Congress Financial Corp., where he served as executive vice president and chief operating officer. Additionally, Kastner is an active member of the Commercial Finance Association, and previously served as director of the association and president of the New York chapter. He is a graduate of Hofstra University and holds three securities licenses.

"It is imperative we bring seasoned finance expertise to support our asset-based lending portfolio," says Leigh Lones, Bibby Financial Services Americas CEO. "We are expecting a year of phenomenal growth in the asset-based lending arena, and we are sure that Barry's wealth of experience and knowledge will serve the team well."

Bibby Financial Services provides middle-market to large business with an array of customized funding solutions for igniting revenue growth, including asset-based lending, factoring, purchase order finance and import and export factoring.