Jim Leonard has moved from Finacity to a new role at its parent company Greensill. His new title is director and head of North America distribution, a newly-created position for the working capital finance provider.

Based in New York, Leonard reports to Wasif Raza, Greensill’s global head of bank syndication, in London. Speaking to GTR, he says that he will be spearheading Greensill’s bank distribution efforts throughout North America while also continuing to market Finacity-originated products at the same time.

Leonard joined Finacity as senior vice-president in Stamford, Connecticut in 2010 and was responsible for the trading of accounts receivables and expanding the firm’s distribution channels beyond its core securitisation market. Before that, he worked at the trade finance hedge fund Rosemount Capital as director of originations between 2006 and 2008. He then spent two years running his own consulting boutique, focused primarily on trade and receivable finance advisory services as well as forfaiting. He has also held management positions at several Japanese and US banks.

Greensill acquired receivables financing and securitisation firm Finacity for an undisclosed amount earlier this year.

Speaking at the signing of the deal, Lex Greensill, founder and CEO of Greensill, said: “The addition of Finacity’s securitisation capabilities will be of immediate value to our global client base as we will leverage the platforms and leadership teams of both companies to enhance our joint capabilities.”

The acquisition came amid a hiring spree by Greensill that has most recently seen it open new offices in Singapore, São Paulo and Johannesburg as it seeks to further expand around the world.