PrimeRevenue, Inc., the leading platform for working capital finance solutions, today announces that Richard Tynan has been appointed to the position of Managing Director for a new PrimeRevenue entity based in London. Mr. Tynan is working at PrimeRevenue’s entity to structure and provide funding opportunities for capital market investors and other financial institutions to participate in supply chain finance programs. PrimeRevenue processes more than $90 billion in transactions for its 17,000 clients in over 50 countries.
“Working capital is the life-blood of any corporation, and for over a decade PrimeRevenue has delivered accelerated supplier financing in true scale,” said Mr. Tynan. “I look forward to working with capital markets investors to develop products that accelerate supplier payments to our global customers and continue to expand PrimeRevenue’s leadership in our space.”
Mr. Tynan has an impressive record, with more than twenty years Investment Banking experience in originating, structuring and placing debt in both the international bond and loan markets. He spent the majority of his career in London where he worked for Lehman Brothers running Private Placements, and then Morgan Stanley, where he was head of Corporate Debt Syndicate. Mr. Tynan joins PrimeRevenue from RBS where he was Head of Syndicate, and sat on the capital markets management team for Europe, Middle East and Africa.
“Richard brings a proven track record of success and extensive expertise in structuring and private placements to our expanding offering of funding solutions. This will provide even more value and benefit to our corporate clients and our funding partners,” said PJ Bain, CEO, PrimeRevenue, Inc. “As supply chain finance programs continue to grow across all sectors, geographies and credit ratings, there is a growing interest in non-bank funders joining both existing and new programs. As our network of corporate buyers and their suppliers rapidly expand, so does the need for us to expand the network of funders providing liquidity across the credit spectrum. Richard is an exceptional addition to our team that will successfully launch and lead this effort.”