UK SME funder Bibby Financial Services (BFS) has appointed Craig Durnell as managing director for export finance, continuing the hiring drive that followed its executive restructure in March.
Durnell joined BFS in 2014 and has worked in a number of roles such as head of operations, and head of South West business centre. He previously worked at RBS, and prior to that spent 23 years at HSBC.
Durnell said: “I’m delighted with my new role at BFS and see this as a fantastic opportunity to boost our support for both established exporters and SMEs new to overseas trade.”
Bibby established its export finance arm over 10 years ago and launched Bibby Foreign Exchange in 2016 to provide currency exchange facilities for its SME customers.
Edward Winterton, UK chief executive at BFS, said: “Craig’s experience, drive and commitment to BFS and our clients during the last three years made him a standout candidate for this role.”
Winterton said that their clients sought greater international export opportunities, and said that political movements may affect this.
He added: “We’re seeing…a desire to explore opportunities outside of the domestic market. This may be due to the weakened pound providing opportunities for better profit margins overseas.
“Only time will tell whether June’s general election outcome and the government’s subsequent negotiations with the EU will impact this trend.”