Allica, the SME lending bank formerly known as CivilisedBank, has appointed a senior commercial manager who will be responsible for supporting owner occupier businesses and commercial investment property professionals.
Gareth Claxton joins from Redwood Bank, where he supported businesses as well as commercial and residential investors with their long-term property lending requirements. Prior to that Claxton held senior positions with Aldermore and Santander, managing the new business and portfolio management teams.
Allica will be launching this year, focused on the UK SME market and funded by SME and retail savings, intended to serve businesses through working capital solutions and cash management, including loans, asset finance, savings and payment services. Allica will also address the UK retail market with a range of savings products.
The bank was granted a banking licence by the Bank of England in May 2017, but released it a year later with the stated reason of allowing more time to develop its technology platform.
Mark Stephens, chief executive officer at Allica, said of Claxton’s appointment: “With more than three decades’ experience gained at leading high street and challenger banks, and with a reputation for demonstrating strong service culture behaviours, Gareth is a recognised name within the commercial broker market. Allica will offer a unique combination of business finance experts, attentive service and the best of digital banking. Gareth’s commercial mortgage lending expertise will be crucial in supporting our customers after launch.”
Gareth Claxton, senior commercial manager, Allica said: “Allica’s unique service is set to lead the way for SME banking and be a trusted partner as they grow. I am delighted to join the team bringing the Allica alternative to market and I’m looking forward to working closely with our customers, helping them structure and obtain lending solutions that specifically meet their objectives.”
Last year CivilisedBank has appointed former RBS and Lombard director Paul Marston to its board.