John Bevan has been appointed as the new
chairman of the Asset Based Finance Association (ABFA).
Bevan is currently the head of Trade and
Working Capital UK & Ireland at Barclays Corporate.
He has worked in the invoice finance industry
for the past 16 years and has been at Barclays Corporate since
Prior to joining Barclays, he was managing
director of Euro Sales Finance UK, the external division of Royal
Bank of Scotland’s invoice discounting business.
Bevan takes over from Steve Box, managing
director of HSBC Invoice Finance.
Bevan said it was an important time for the
industry and described his election to the post as a real
He said: “With the wider economy still
subdued, companies using invoice finance have seen a massive 21%
increase in turnover over the past year.
“Now is a vital time to get the message out to
SMEs and larger businesses that there is finance available and,
more importantly, this type of funding is both better for firms and
an efficient way for lenders to increase liquidity in the
Kate Sharp, chief executive officer of the
ABFA, said Bevan was one the most respected leaders in the industry
and added it was great to have him as chairman.