Bibby Financial Services Canada has announced Dan Millar as its new vice president portfolio manager. Millar’s responsibilities will include delivering growth in large ticket factoring and asset-based lending by expanding the company’s Canadian client portfolio.
Millar comes into the company with 10 years of business development experience in the lending arena under his belt, having previously worked for JD Factors, the Bank of Canada, and the Royal Bank of Canada.
Millar’s hire may not have come at a better time as the Canadian economy shows signs of growth. Callum Williamson, Bibby Financial Services Canada’s head of operations, remarked that asset-based lending and factoring have been proven to be stable and flexible for small and large businesses. He explains that, as the Canadian economy continues to improve, more companies are expected to turn to asset-based lending and factoring to leverage assets and receivables.
“We know Dan will serve as a crucial partner to our customers, and we are thrilled to have him join the team,” Williamson said in a company statement.
Bibby Financial Services, an established leader in asset-based lending and factoring, provides flexible funding solutions to more than 7,000 businesses in a variety of industries, including manufacturing, transportation, and staffing. The firm has been instrumental in the business growth of thousands of clients by providing more than $1 billion dollars in funding in 16 countries and seven North American cities.