NatWest Group has announced the appointment of Paul Edwards as the new head of its asset finance business, Lombard, along with its specialist businesses providing working capital solutions.
These specialist businesses include trade and transaction banking sales teams and one of the UK’s largest invoice finance businesses.
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Paul Edwards, a veteran of 12 years at NatWest, has held various roles, most recently leading the commercial mid-market business in the South West and Wales. He succeeds Ian Isaac, who is retiring after a decade as Managing Director at the end of September.
Andy Gray, Managing Director of Commercial Mid-Market at NatWest Group, expressed his confidence in the new appointment, stating: “Paul Edwards will be crucial in driving forward our growth plans, leveraging the £20 million investment in our Trade transformation programme, and supporting customers with solutions across transaction banking and invoice financing. With a robust background in sales and leadership, Paul brings extensive experience and skills to the role.”
Under Ian Isaac’s leadership, Lombard has seen significant growth, nearly doubling its balance sheet to £15 billion and achieving high levels of customer satisfaction. Andy Gray acknowledged Ian’s contributions: “Ian’s passion for the sector has been integral to Lombard’s success. We thank him for his dedication and wish him well in his retirement.”
Paul Edwards expressed his enthusiasm for his new role: “It’s a privilege to assume the role of Managing Director of Lombard and Specialist Businesses. These businesses provide essential services for our customers, enabling them to achieve their growth ambitions. I look forward to building on the exceptional progress made and continuing to deliver for our customers and stakeholders.”
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