NEW YORK--(BUSINESS WIRE)--The Receivables Exchange (TRE), the leading online marketplace for U.S. receivables sales, today announced the appointment of Corey B. Davis as Vice President of Business Development. Mr. Davis will be responsible for development of strategic partnership initiatives with TRE’s Small and Medium Business (SMB) and Corporate Receivables Programs.
Mr. Davis, 39, will be based in TRE’s New York City office and report to David Chaney, Head of Global Business Development.
An accomplished financial services executive, Mr. Davis began his career in New York as an analyst in the Financial Institutions Group (FIG) at J.P. Morgan Securities. He subsequently worked in FIG for Donaldson, Lufkin & Jenrette, Credit Suisse First Boston and Banc of America Securities. Most recently, he served as Managing Director and Head of Corporate Finance for a privately held New York-based boutique investment bank.
Mr. Davis holds a Bachelor of Science degree in Business Administration from Georgetown University, with honors, and an MBA from Harvard Business School.
“Given the economic environment and recent technological advances, growth in alternative financing mechanisms is booming. The online market for receivables is no exception, as companies large and small are now able to access affordable capital in a more efficient manner. With TRE’s business financing volumes increasing dramatically, Corey will focus on further developing our strategic partnerships directly with the leading global service providers to both the SMB and large corporate markets. We welcome him as an important and valued member of the TRE team,” said Justin Brownhill, co-founder and CEO of The Receivables Exchange.
About The Receivables Exchange
Established in 2007, The Receivables Exchange is a first-to-market, real-time online marketplace for working capital financing that provides a game-changing solution for both small and large U.S. companies to monetize receivables. The Exchange connects businesses (Sellers) in search of flexible, affordable and continuous access to working capital to a global network of accredited Institutional Investors (Buyers). Sellers gain prompt and highly cost-effective access to the capital they need without restrictive covenants or onerous constraints, while Buyers get direct access to a $17 trillion asset class. The process lowers Days Sales Outstanding (DSOs) to as little as one day. For more information, visit www.receivablesXchange.com.