Bibby Line Group has today announced that Jonathan Andrew will join their Bibby Financial Services business as global chief executive on 1 September.

Jonathan joins the independent financial services company having served as global chief operating officer at Peac Finance, an international lender focussed on supporting SMEs with their financing requirements.

Additionally, he serves as non-executive chairman of Arkle Finance Limited, part of the Weatherbys Banking Group.

Previously Jonathan was global chief executive of Siemens Financial Services, commercial finance, which has a presence in 16 countries across the globe and employs around 2,000 people.

He has also been chief financial officer international at Gateway Inc, and has held various international leadership roles in GE Capital.

He was a founder and patron of the UK’s Leasing Foundation and has been recognised as the European chief executive of the year and as Leasing Life’s industry ambassador of the year.

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The appointment follows current global CEO David Postings’ decision to step down from the role after nine years. David will remain with the business during a transitional period to ensure a smooth hand-over.

John Cresswell, Bibby Line Group chief executive, said: “We are delighted to attract a leader of Jonathan’s calibre to Bibby; his commitment to customer service and unique sector experience makes him ideal for this role, and I am looking forward to him leading our financial services business in its next phase of development.

“With the sale of BFS’ US business bolstering liquidity and the restructuring programmes delivered this year, David will leave the business in a great position to grow as the UK economy recovers from the impact of the coronavirus pandemic. I’d like to take this opportunity to thank David for his support and commitment over the last nine years.

Bibby Line Group describes itself as an £800m global business, operating in 14 countries, employing around 4,000 people in sectors including retail, financial services, distribution, marine and construction equipment hire. The group has its headquarters in Liverpool, UK.