Steve Box, managing director of HSBC Invoice Finance (UK) Ltd, the widely respected international receivables finance company, has been elected as the new chairman of the Asset Based Finance Association (ABFA).
Steve has recently been promoted to take additional responsibility for the Equipment and Asset Finance arm of HSBC. He has been in the commercial finance industry at HSBC for 30 years, having worked in a number of managerial and sales roles across corporate and commercial banking in the UK prior to taking his current role with HSBC Invoice Finance.
He said; "I am thrilled to be the new chairman of the ABFA. The organisation's membership currently supports over 41,000 companies in the UK and over 2,000 in Ireland, putting this industry at the heart of funding the economic recovery. I look forward to steering the industry during these challenging times, although it's also heartening to see the latest stats show our overall lending has increased, with members advancing £14.59bn in this quarter."
Kate Sharp, chief executive officer of ABFA, said; "Steve will be a great ambassador for the industry. An active member of the ABFA Executive for several years, I am delighted to have him as ABFA chairman."
Steve
Box takes over the chairmanship of the ABFA from Maurice Craft, who held the post
for the last year.