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Scottish Pacific Debtor Finance CEO Peter Langham has been appointed as chairman of the Debtor and Invoice Finance Association of Australia and New Zealand (DIFA).
Mr Langham brings more than 30 years of experience in debtor financing to the role, while DIFA members in Australia presently handle more than $63 billion of sales year for 4,500 businesses.
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“Our industry plays an important role in helping SMEs achieve their aspirations by providing flexible working capital solutions to assist their growth,” Mr Langham said. “Based on overseas experiences, there are substantial growth opportunities in Australia for the debtor finance industry.
“Our membership includes some of the largest companies in the world, including GE and HSBC, as well as major Australian banks, together with many other specialists, so with proper education and promotion to SMEs there is the opportunity for the debtor finance industry to assist even more businesses.”
Mr Langham worked with the Bank of Scotland Group in the UK before moving to Scottish Pacific Debtor Finance.
In 1988 he started his own debtor finance business, Benchmark. In 2007, Benchmark purchased Scottish Pacific from St George Bank and Mr Langham took on his current role as CEO.
Meanwhile, Suncorp’s Wayne Thomason was elected to the role of deputy chairman.
[Related: Brokers urged to provide more funding options to business clients]
