UK bank Aldermore has lost six members of its asset finance team to a rival bank, Leasing Life has learnt.

Three account managers from the materials handling team and three support staff have been confirmed as having left Aldermore.

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Leasing Life understands all six members of staff are moving to Investec Asset Finance.

Investec would not comment on the moves.

Those known to have resigned are Andrew Woodward, head of the materials handling team, plus Gill Coupland and Linda Hyde.

The hires would fill a gap in Investec’s coverage of small to medium sized deals in the material handling space.

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Aldermore confirmed in a statement to Leasing Life that it will seek to rebuild the team and expand its asset finance business with 30 additional hires across all sectors.

Jonathan Maycock, Asset Finance sales director at Aldermore, said: "Andrew, Gill and Linda felt the time was right to pursue a new challenge and we wish them all the best. We retain a strong materials handling account management team and with this expertise and the new hires, we will continue to support the sector."

Woodward and his team originally joined Aldermore from BNP Paribas Leasing Solutions in 2010.

Two of the materials handling team remain at Aldermore. Until a replacement can be found for Andrew Woodward, the pair will report to interim head Paul Rooney who continues to head the agriculture and construction team.

In July, Aldermore parted company with George Ashworth, managing director of Asset Finance. He has since been replaced by Carl D’Ammassa.