Leasing Life’s monthly summary of the key career moves in the leasing and finance industry.
Shawbrook recruits mD to lead asset finance team
Shawbrook Bank’s business finance division has recruited Chris Richold to lead its specialist asset finance and sector finance team.
Richold joins Shawbrook with over 20 years’ experience in the asset finance industry, and six years at a large financial institution leading the wholesale and specialist asset finance team.
Before this, Richold was in charge of a “real asset” investment business within a global banking division. His range of experience covers new business origination, portfolio management and asset management.
At Shawbrook, Richold will work with established teams in specialist markets including marine and aviation, healthcare, agriculture, renewable energy and technology.
Ultimate Finance hires two directors to North West team
Asset-based lender Ultimate Finance has hired two regional directors, Vinnie Dobie and Jemma Taylor, for its North West sales team.
The additions will widen the sales team’s network reach and increase funding support it can offer to businesses.
Dobie has joined the sales team to build on his expertise in invoice finance to offer more tailored funding solutions to his contact base, while Taylor brings a broad range of funding expertise to Ultimate Finance from her experience in business funding and commercial banking. Both bring in-depth knowledge of the local economy and strong regional relationships.
Ultimate Finance CEO Josh Levy said: “The North West has always been a core region for Ultimate Finance. We’ve been delivering funding for businesses here approaching 20 years. The depth of our relationships within the region was reflected in our recent results.”
Haydock Finance appoints sales director
Haydock Finance has named Andy Taylor as sales director, a new role to the business.
Taylor hails from Widnes and has joined Haydock as sales director following a career which already spans over 20 years in asset-based lending. He will report to John Jenkins, Haydock’s chief executive officer.
Taylor’s career in the industry began with NWS Bank, and includes stints with GE Capital Equipment Finance, over 13 years with market-leading ING Lease UK, and more recently Hitachi Capital Business Finance, where he was head of sales, responsible for broker, vendor, block discounting and stock finance.
During his tenure at Hitachi, Taylor was directly accountable for growing the company’s own book from around £250m (€291m) to well over £1bn, said Haydock.
In this new post, Taylor will be responsible for structuring Haydock’s national sales strategy, which will underpin Haydock’s growth plans brought about by private equity investment announced in 2018. The strategy will involve further developing and improving the current core broker offering, and identifying, developing and executing opportunities in structured finance.
Close Brothers Business Finance appoints sales director
Finance broker funding provider Close Brothers Business Finance has appointed a national sales director.
David Forbes is an internal appointment who has spent close to four years in a similar role in the Asset Finance business. Forbes began his career as part of the Yorkshire Bank Graduate programme before moving into fast-moving consumer goods sales and a career at Mars UK. He joined Lombard in 1999 and spent 16 years in leadership roles across a variety of asset finance divisions.
Forbes said: “The team at Close Brothers Business Finance is one of the most talented and passionate in our industry with an enviable reputation for customer service, and I’m delighted to now be part of that team. Having the history, brand and culture of the business behind me provides an excellent opportunity to grow the business strategically within our target markets.”
STB Commercial Finance adds Midlands ABL director
Secure Trust Bank Commercial Finance has added to its team in the Midlands with the appointment of Matt Broomfield as regional sales director.
Broomfield has 13 years’ experience in the business lending market, having previously worked within the asset-based lending departments of major UK banks such as RBS and HSBC. He has developed knowledge of the Midlands market specifically, where he has been based throughout his career.
In his role at Secure Trust Bank, Broomfield will be working alongside accountants and business advisors to support SMEs seeking asset-based lending between £1m and £50m. Typical scenarios will include service-led refinances, private equity transactions, restructures and turnaround, as well as growth opportunities. He will join the Midlands-based team headed by regional managing director David Parsons.
Secure Trust Bank Commercial Finance said it had provided £220.7m worth of funding to UK businesses as of 30 June 2019.