Due to continued industry demand, Bibby Financial Services hires Sam Cirelli as Senior Vice President, Business Development, to drive new business for the company’s asset-based lending offering. Cirelli is based in the company’s New York offices.

Bibby Financial Services is a well-established leader in asset-based lending and factoring and has recently seen great demand for its asset-based lending offerings from companies across a wide variety of industries and geographies. Cirelli will support the company as it expands its footprint within the Northeast.

With the company’s renewed focus on driving growth and development in the asset-based lending arena, Cirelli will identify and lead business development for the company’s U.S. market, targeting mid-market businesses with relevant collateral and a need for funding. Cirelli’s location, combined with 25-plus years of industry expertise, will support ongoing efforts for expansion with the company’s asset-based lending offering.

Cirelli joins Bibby Financial Services from Investors Bank. Over the course of his career, he was recruited by two major European banks to launch, create and lead corporate banking, asset-based lending, leveraged cash flow and trading and lending platform businesses in the U.S. Additionally, he serves as a part-time adjunct professor at Wagner College. He holds a Master of Business Administration degree from St. John’s University.

“Asset-based lending stands the test of time and has served as a driving force for small and medium-sized business growth for decades. Sam joins a team of experts who value their role in providing the funding needed for companies on the verge of substantial growth and movement across a wide variety of industries. We are certain he aligns perfectly both culturally and skills-wise,” says Leigh Lones, Chief Executive Officer, Americas.

Bibby Financial Services, a worldwide market leader in business financing solutions, supports businesses of all sizes in virtually every industry with flexible, customized funding 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 more than $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.