David Rawlinson, 40, has been appointed managing director at Bibby Factors International.

He moves from Bedford, where he was operations director. He said: "A growing number of businesses, particularly small and medium-size enterprises, are using export factoring to fund their overseas ventures and to ensure that they get paid by their foreign customers." Ian Varley, 34, has been promoted to operations director and will manage the company's client portfolio. He was previously operations manager.