Leasing Life’s monthly summary of the key career moves in the leasing and finance industry.
Lloyds Commercial Banking hires invoice finance director
Lloyds Bank Commercial Banking has appointed an invoice finance director from within the company.
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Reporting to the company’s flagship office in Birmingham, Richard Ford took up the role in August, moving on from his previous position as relationship director.
Ford has been a director of business development at Lloyds since 1989. He was also a senior director for commercial banking at Lloyds TSB Commercial between 2007 and 2013, and corporate director for business development in the Black Country, Staffordshire and Stoke on Trent from 1999 to 2007.
Ford’s appointment follows Abigail Holloway’s promotion to invoice finance associate director in May, and Lee Mason’s appointment as invoice finance director in March.
Element-Arval appoints vice-presidents
The Element-Arval alliance has appointed a vice-president responsible for supporting multinational accounts between Europe and Element’s sales teams in the US, Canada, Mexico, Australia and New Zealand.
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By GlobalDataRichard Middleton will report to Alessandro Pigazzi, Arval’s international business office director, who is responsible for managing the Element-Arval alliance from Arval’s perspective.
Cambridge and Counties executive to join Recognise
Recognise Financial Services, a subsidiary of the City of London Group, has appointed a fifth independent non-executive director (INED).
Moorad Choudhry joins recently appointed chair Philip Jenks, and fellow INEDs Louise McCarthy, Richard Gabbertas and Simon Wainwright.
Choudhry started his career as an analyst at the London Stock Exchange, and later moved on to roles at companies including ABN Amro, KPMG, JP Morgan Chase, Europe Arab Bank and RBS. He was previously chief executive officer at Habib Bank UK and, most recently, worked at Cambridge and Counties as head of asset and liability management.
Secure Trust Bank adds to origination team
Secure Trust Bank Commercial Finance has increased its deal origination team in the South of England to three. This follows the appointment of James Ambrose as regional sales director, who will focus largely on the Thames Valley and Solent region.
Ambrose has over 20 years’ experience in the asset-based lending market, and has previously held senior roles at ABN Amro, Lloyds Bank and Crédit Agricole.
In his role at Secure Trust Bank, Ambrose will work alongside accountants and business advisors to support SMEs seeking asset-based lending solutions between £1m and £50m. Typical scenarios will include service-led refinances, private equity transactions, MBOs and MBIs, restructures and turnarounds, and growth opportunities.
1pm hires broker manager for north of England
SME asset finance provider 1pm has appointed a broker manager in its asset division. Stuart Berry will be responsible for managing and growing the 1pm broker network in the north of England.
The business recently strengthened its management team with the appointments of Carol Roberts as head of asset, and Lorraine Neyland as head of risk.
Berry brings over 20 years’ experience within the asset finance sector to 1pm, the last 12 of which were in broker management roles with lenders such as General Asset Management, Shire Leasing and most recently Ignition Credit.
PCF Bank appoints non-executive director
AIM-listed PCF Bank has appointed a non-executive director with immediate effect.
Marian Martin is a chartered accountant with a background in risk management and audit. Most recently, Martin was at Virgin Money for 11 years, and was chief risk officer during a period of significant growth and strategic development for Virgin Money and its risk function, including its listing on the London Stock Exchange.
White Oak UK makes multiple hires to specialist finance team
SME finance provider White Oak UK has made five new hires to its specialist finance team. Based across the UK, the hires are Nicki Bowron, Callum Bull, Gordon Malcolm, Cole O’Malley and Andrew Thrower.
All five have extensive experience in business finance across a number of different sectors, including manufacturing, transport, energy, renewables, oil and gas, plant and vehicle hire, and aviation and marine.
Equiniti Riskfactor appoints head of operations
Risk management platform provider Equiniti Riskfactor has appointed Michael Stock as head of operations.
Stock will join from the commercial finance business of Dutch bank ABN Amro, where he has spent the last 13 years working at a senior level.
