Bibby Financial Services has appointed David Ciccolella as state manager business development for South Australia.

Ciccolella joins Bibby Financial Services from Cash Resources Australia where he spent 27 years serving the needs of South Australian SMEs. Before this appointment Ciccolella helped to establish and wind-down Heller Financial, one of Australia’s founding debtor finance providers.

Ciccollella said he admired Bibby Financial Services’ commitment to tailoring flexible funding solutions to SMEs under-serviced by banks and other finance providers and acknowledged that finding suitable funding remained difficult for many SMEs: “Banks remain conservative in their approach, looking for unblemished trading history backed by personal property, but the reality for many SMEs is that conditions and confidence is tough. But the Bibby business model and the way they approach funding scenarios to understand the client is refreshing and it’s great to be supported by a business with such ambitious growth plans, genuine appetite for new business and the scale of a global business with a local focus.”

Ciccollella adds: “Their ability to also provide bad debt protection, export funding and asset finance solutions was also attractive to me to better meet client needs. I look forward to being part of a successful team and contributing to their continued growth in South Australia. It is a great time to be joining the business.”