The Chief Executive of the Asset Based Finance Association (ABFA) has left the Association after being headhunted by a firm within the industry.
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div>The Chief Executive of the Asset Based Finance Association (ABFA) has left the Association after being headhunted by a firm within the industry.
Kate Sharp has left ABFA after over ten years’ service as its Chief Executive.
In that time she has overseen a significant expansion in the role and profile of the organisation, as asset based finance has continued to grow in popularity. The latest industry quarterly statistics show record amounts for funding and client turnover as the industry helps drive the UK’s economic recovery.
Most recently Kate has been pivotal in introducing a self-regulatory framework which has seen the industry adopt an enhanced code of conduct for members. She has also initiated a complaints process under the auspices of the independent specialist organisation Ombudsman Services and a Professional Standards Council to oversee the new regulatory framework.
Kate has also been instrumental in representing the ABFA to Parliament and key stakeholders over the past decade, where she has ensured the industry’s continued success over vital policy decisions.
Current Chair of the ABFA, Martin Morrin, Managing Director of RBS Invoice Finance, said: “Kate is acknowledged to be one of the most influential and respected people within the industry. For the past ten years she has been a true figurehead for the asset based finance sector, promoting and communicating the industry’s successes while also being a guiding hand for both members and clients alike. Whilst we are obviously sad to see Kate leave, it is also an exciting time for the industry at present and also at the ABFA as we look to recruit an exceptional person to replace her.”
Commenting on her move, Kate said: “It has been a pleasure and a privilege leading the industry association for such a vibrant and growing industry. The value ABFA members deliver to the UK economy through the provision of much needed liquidity to so many businesses makes the role extremely worthwhile. I am proud of what the ABFA team has achieved in supporting such an important economic marketplace.”
The ABFA is the body that represents the asset based finance industry in the UK and the Republic of Ireland. Membership includes the high street banks, subsidiaries of major international banks, the specialist finance divisions of some large commercial organisations and a range of specialist independent finance providers.
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