Bibby Financial Services appoints Theo Chatha as chief financial officer

Global SME partner, Bibby Financial Services (BFS), has announced the appointment of Theo Chatha as chief financial officer.

Prior to joining BFS, Theo spent eleven years with Close Brothers, holding a variety of executive roles across its banking, property finance, and asset finance and leasing divisions.

Most recently, he held the role of bank finance director, overseeing the finance function reporting to the banking division managing director and group finance director.

Reporting to global chief executive, David Postings, Theo will join the BFS global executive committee and board. He will oversee operational finance, financial control, and financial planning and analysis.

Commenting on his appointment, Theo said: “BFS is an extremely forward-looking organisation with clients and colleagues at the heart of what it does. I’m delighted to join BFS at such an important time in its growth strategy and look forward to working closely with the global board and colleagues across the business to achieve BFS’s next stage of growth.”

Global chief executive, David Postings, said: “As a Sunday Times Best Companies employer, attracting leading talent is a key part of our global growth strategy. I’m delighted to welcome Theo to BFS, and look forward to working with him as we position the business for future growth.”

Joining the business at the start of September, Theo succeeds global finance director, Stephen Rose, who leaves BFS on 30 September after six years.

David Postings added: “I’d like to put on record my thanks to Stephen for his dedication over the past six years. I know he will continue to take a keen interest in our ambitious growth plans over the years ahead.”

BFS supports more than 10,500 SMEs worldwide across invoice finance, foreign exchange and asset finance solutions. In January 2019, the funder announced the launch of its start-up insurance business, Coverly.