Richard Tynan has been appointed to the position of managing director for a new PrimeRevenue entity (both business line and physical office) based in London.

Tynan is tasked with structuring and providing funding opportunities for capital market investors and other financial institutions to participate in supply chain finance programmes, says a statement issued by the technology provider.

He joins PrimeRevenue from RBS, where he was head of syndicate, and sat on the capital markets management team for Europe, Middle East and Africa. He has more than 20 years of investment banking experience.

“Richard brings a proven track record of success and extensive expertise in structuring and private placements to our expanding offering of funding solutions. This will provide even more value and benefit to our corporate clients and our funding partners,” says PJ Bain, PrimeRevenue’s CEO. “As our network of corporate buyers and their suppliers rapidly expand, so does the need for us to expand the network of funders providing liquidity across the credit spectrum.”

With this new entity, Richard will be working with capital markets investors to develop products that accelerate supplier payments to PrimeRevenue’s global customers. As supply chain finance programs continue to grow, there is a growing interest in non-bank funders joining both existing and new programs to expand the network of funders providing liquidity across the credit spectrum.

PrimeRevenue is expected to make a full announcement regarding its new London business towards the end of the month.