Wyelands Bank has appointed Jim Higginbotham as managing director, asset finance.
Higginbotham has spent 27 years in the finance industry. His career has covered commercial banking, investment banking, wealth management, asset and invoice finance.
Before joining Wyelands Bank, Higginbotham was previously at Lombard, initially as head of risk, and then as managing director of corporate specialist sales. Before that he was head of risk at GE Commercial Finance. He was most recently managing director and co-owner at Specialist Asset Finance.
Jim Higginbotham, managing director, asset finance, at Wyelands Bank, said: “Wyelands Bank is setting its stall out as a bank that makes sure it understands its customers’ businesses so it can help them to grow.
“Understanding what a business really needs enhances the bank’s ability to deliver the most appropriate solutions for their customers and the addition of an asset finance capability enhances this ability still further.
“I’m looking forward to being part of the bank’s growth story and working with the team to develop our offering and help more businesses grow and prosper.”
Iain Hunter, chief executive officer at Wyelands Bank, said: “At Wyelands Bank, we get to know and understand our customers and provide them with access to decisions makers from day one. Getting under the skin our customers’ businesses in this way means we ultimately help them to trade, grow and create jobs.
“Jim’s track record in asset finance and appointment is further evidence that we will continue to tailor high-quality solutions for each of our customers.”
Since opening for business on 21 December 2016, Wyelands said its total assets rose from £24m to in excess of £600m in its first 12 months.
Since April 2017, the bank’s interest-earning asset book grew on average by around £30m per month.
In June, Ian Flaxman joined Wyelands Bank’s asset-based lending offering as managing director.