People Moves: Leasing Life’s monthly summary of the key career moves in the leasing and finance industry
Metro Bank Asset Finance hires six to direct business team
Metro Bank has made several key appointments in its asset finance business.
Jamie Simpson has joined as business development director covering central London from Lombard, where he was a senior relationship manager.
Nathan Harrod and Matt King have joined as business development directors, tasked with covering the mid-corporate market in partnership with Metro’s commercial banking team.
Harrod has 11 years’ banking and asset finance experience at Lloyds Banking Group, while King was a regional director at Lloyds Asset Finance, and previously a director of asset finance at Lombard where he spent 26 years. The three will report to David Ginn, who joined Metro Bank Asset Finance in July 2017.
A newly formed team of business development managers based in Guildford will provide internal support to this team and manage asset finance referrals from Metro’s local business managers and 24-hour contact centres. Caoime Moffatt, Essie Quinnell and Polly Heath have been promoted internally to these roles.
Metro Bank has also named the successor to chief financial officer Mike Brierley, who announced last year that he was to retire in March 2018. He will be succeeded by David Arden of Sainsbury’s Bank.
Tower Leasing opens office in Northern Ireland
UK lessor and broker Tower Leasing has opened an office in Belfast, and has recruited a former Grenke account manager to lead the operation.
Trevor Phelan will focus on expanding Tower’s dealer base and developing new and existing relationships with equipment suppliers and direct sales customers in Northern Ireland and the Republic of Ireland. Working in sales for over 10 years, Phelan has represented Nestlé, Schwarzkopf, Asics and most recently Grenke Leasing as a direct sales and regional account manager.
Tower provides finance directly via its own book facility, and has long-standing relationships with, and access to, a large panel of lenders for leasing of assets such as IT, office equipment and furniture, telecoms, vending, security, electronic point-of-sale equipment, catering and other equipment.
Ex-Aldermore ABL head to lead debt advisory
Max Ward, who has held various roles in asset-based lending (ABL) at Aldermore, has been appointed to lead Knight Debt Advisory, an offshoot of telecoms, media and technology-focused Knight Corporate Finance.
The advisory business will focus on debt financing between £5m (€5.5m) and £50m for expansion and M&As, building on Knight’s SME customer base.
Ward began his Aldermore career in 2010, coming from ABL analysis and management roles at Barclays and GE Capital. At Aldermore, he started as head of credit for new business, and subsequently became head of specialist relations and head of relationship management. Prior to that, he held ABL analyst and manager roles at Barclays and GE Capital.
After leaving Aldermore in 2016, he co-founded challenger bank Beyond Funding, whose offer includes leasing, invoice finance and ABL facilities.
Bridging association rebrands to FIBA with Tyler at its helm
The Association of Bridging Professionals (AOBP) has become the Financial Intermediary and Brokers Association (FIBA), and appointed Adam Tyler as chair.
FIBA has incorporated AOBP’s base of independent financial advisers, residential mortgage and commercial finance brokers, but added that it would also extend its reach to lenders, brokers and third parties outside its membership.
The association said the rebranding reflected “the trade body’s stated aim to become the natural home for all advisers and lenders, regardless of their particular lending sector of interest”, though it would maintain an emphasis on the property finance sector.
ThinCats extends credit team in the Midlands and North
P2P lender ThinCats has appointed Rob Thompson to the newly created role of regional head of credit for the North.
Thompson has worked in the banking sector since 1979, in commercial and corporate finance for Barclays, Co-op and Santander, and set up AIB Capital Markets’ corporate finance operation in the North.
His roles have included corporate director and head of corporate banking at Allied Irish Bank, and director (large corporates) at Santander Corporate Banking.