Global Trade Review (GTR) reports Bibby Financial Services has expanded into Malaysia, where it will provide factoring services to Singaporean SMEs. According to the story, Bibby has made the move due to demand from its existing customers – up to 15% of which are already doing business in Malaysia.

Alan Wong has been named director of sales and will oversee the Malaysian expansion, reporting into Ian Watson, Asia Pacific CEO.

The GTR story notes that among the services offered will be accounts receivables financing, with invoice discounting available to clients along with factoring services.

Wong has more than two decades’ experience in factoring and asset-backed financing and previously held the role of head of SME sales at GE Commercial Financing in Singapore.

To view the story on Global Trade Review, click here.