CHAMPAIGN, Ill., Aug. 9, 2017 /PRNewswire/ -- Today, Illinois Financing Partners (IFP), the premier Qualified Purchaser of Illinois receivables under the State's Vendor Support Initiative, announced the appointment of Andrew Greta as President of IFP Services, LLC. Greta, who has over 20-years of experience in financial services including business development and general management roles at GE Capital and the CME Group, will be responsible for growing and servicing IFP's more than $600mm in receivables by starting, staffing, and running a new Champaign, Illinois based office.
"As IFP continues to expand our financing capabilities, it's imperative that we continue harnessing the talent of top quality financial professionals like Andrew to meet the needs of businesses impacted by Illinois' $15B payment backlog," said Lindsay Trittipoe, IFP's CEO. "Andrew's experience in originating new business and leading financial services organizations will be a critical driver of our future growth."
Greta, 47, most recently served as Vice President for Busey Bank where he oversaw commercial client relationships across a $300mm portfolio of loans and deposits. Previously, as Director - Business Development, Greta led global mergers and acquisitions, divestitures and strategic partnership deals for GE Capital and the CME Group. He began his career as a Financial Advisor with Prudential Securities, and earned a bachelor's degree in economics and an MBA in finance, both from the Krannert School of Management at Purdue University.
Illinois Financing Partners (www.illinoisfp.com) was formed in 2013 by a group of Illinois businessmen, political leaders, and seasoned finance professionals with direct experience in funding Illinois receivables to help address the state's backlog of unpaid bills. Because of the backlog, vendors doing business with the state often wait months or years to receive payment. Funding from IFP helps Illinois' economy by keeping the wheels of commerce turning while the state sorts its way through a difficult period.
For more information visit: www.illinoisfp.com or call 217.239.3520.
SOURCE Illinois Financing Partners