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Debtor finance firm appoints former Bank of Qld man as BDM

by Staff Reporter7 minute read
The Adviser

Scottish Pacific has announced its second appointment in a week after confirming Bob Ada as its new BDM for Queensland and the Northern Territory.

Mr Ada founded the Bank of Queensland's debtor finance business in 1999 and held a number of senior positions, including head of cash flow finance, until December 2013.

He was also head of receivables finance at St. George Bank from 1996–1999 and head of debtor finance at Advance Bank from 1993–1996.

"I'm looking forward to working with small-to-medium growing businesses in Queensland and the Northern Territory, and showing them we are open for business in what is a challenging market for SMEs to find finance,” Mr Ada said.

Scottish Pacific announced last week that it had appointed Greg Charlwood as general manager of its specialist cash flow business, FactorONE.

Scottish Pacific chief executive Peter Langham said then that brokers are a key source of new business opportunities for the firm.

“Debtor finance is a great tool for a growing business. For brokers, if your client’s business grows and you have a relationship with them, then you are going to see the benefits,” he said.

[Related: Diversification equals dollars, say lenders]

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