Bibby bolsters its marine finance business with new hires
Bibby Financial Services has made six new hires in its marine finance business as it seeks to grow its presence in the maritime sector.
Marine finance specialists Jason Crump and Ryan Baverstock have joined BFS Marine Finance, alongside head of sales support Chantelle Bradwell, and sales support specialists Debbie Weir, Colleen Dalais and April McGhee.
They will work under managing director Paul Ratcliffe (pictured).
Read more: €6.6bn of private credit facilities were refinanced in H1
The team will be supported by Richard Hargraves, head of portfolio risk, Howard Quinlivan, senior in-house legal counsel, and John Folan, senior credit risk underwriter.
“I’m delighted we have been able to attract leading marine financing talent to join the business,” said Ratcliffe.
“Combined, we have over 80 years’ experience within the marine finance sector, so we have the depth of experience and knowledge required to support new and existing customers to grow and thrive.”
Read more: A piece of the pie: Special report on direct lending
BFS Marine Finance was founded in 2023 and provides specialist financing for a range of small- and medium-sized enterprises across the sector.
“While global shipping costs have stabilised to some extent, they remain high, and we’re committed to helping maritime businesses to operate more efficiently and ultimately to grow,” added Ratcliffe.
“Furthermore, with the recent publication of the Environmental Audit Committee’s report on net zero and UK shipping – in line with Project Compass, our own group-wide promise to sustainability – we’re playing our part in the sector’s move towards the decarbonisation of assets.”
Read more: Alternative credit market optimistic in face of stagnant inflation