Bibby looks to grow debtor finance in Victoria
Debtor finance group Bibby Financial Services has expanded its presence in Victoria with the appointment of Grant Dickson to state sales manager, while Richard Dyer will take up a business development manager role.
The appointments were made in response to the fast-growing factoring industry, which grew by 17 per cent over the last 12 months in Victoria alone, according to statistics from the Institute for Factors and Discounters.
Dickson joined Bibby from Bankwest where he was a manager of business development in the commercial finance division. He has also held senior management roles with Promina and Australian Unity.
Dyer most recently worked as a business development manager for the past four years with Bibby in the United Kingdom, before moving to Australia.
Dyer said this growth had been a result of the uncertain property market causing concern from the banks over credit limits for businesses.
“Those businesses that don’t have property to lend against, or are unwilling to provide it as security, have always found bank finance difficult to obtain. We are perfectly positioned to quickly assist new and existing clients,” he said.
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