To support its expanding asset-based lending capabilities, Bibby Financial Services Canada hires Adam Flomen as Vice President of Business Development, Asset-Based Lending. Flomen joins an impressive team of professionals who provide working capital to companies based on their assets, such as accounts receivable, inventory, machinery and equipment.
By providing middle-market to large businesses with customized funding solutions, including asset-based lending, factoring, purchase order finance and import and export factoring, Bibby Financial Services helps ignite clients’ revenue growth. The company services businesses in a variety of industries across Canada. Bibby Financial Services expects its asset-based lending portfolio to continue to expand, as institutions awarded over $25 billion in asset-based loans in the fourth quarter of 2014, surpassing 2013's Q4 volume of $23 billion, according to Thomson Reuters.
Flomen joins Bibby Financial Services Canada as an experienced debt professional with 15 years’ experience in business development, credit underwriting and relationship management roles. Prior to joining Bibby Financial Services, Flomen owned a financial services firm that provided corporate finance advisory services to companies seeking capital for refinancing of existing debt, expansion, turnaround/bridge financing and growth. Flomen has also served as vice president at Accord Financial, PNC Bank, MontCap Financial and Wachovia Bank.
“As we continue to cultivate new business in the asset-based lending arena, we must remain committed to client service by bringing in top-notch talent,” says Leigh Lones, Bibby Financial Services Americas CEO. “Adam brings a level of expertise that is essential to building our ABL portfolio.”
Bibby Financial Services, a worldwide market leader in business cash flow solutions, supports businesses of all sizes with flexible, customized financing solutions. With its asset-based lending and factoring products, the company provides clients access to the working capital needed to grow and support their businesses. Bibby Financial Services is proud to have helped more than 8,900 clients grow their businesses by providing nearly $1 billion in funding across the globe. It operates offices in seven North American cities and 16 countries. Bibby Financial Services is a subsidiary of The Bibby Line Group, a privately held company established in the United Kingdom in 1807.