Lender strengthens regional presence with appointments
Secure Trust Bank Commercial Finance has set its sight on boosting deal activity following three new director appointments across the South, Midlands and North West regions.
Paul Johnston is the new regional managing director for the North West region and will be based in the Manchester office. He has worked within the asset-based lending market for over 30 years and has previously held senior roles as director of asset-based Lending at Santander and client director at Landsbanki Commercial Finance. Paul will be responsible for developing and implementing the local strategy and leading the relationship and origination teams in the North West.
Deborah Partridge has been appointed as the firm’s second Midlands based regional sales director and will be working alongside accountants and business advisors to support SMEs seeking asset based lending solutions between £1m and £50m. She has over 20 years’ experience in the commercial banking sector, where she has held senior positions at HSBC and Santander Corporate and Commercial.
The firm has also bolstered its team in the South by appointing Alistair Dormon as portfolio and structuring director. Alistair’s career has predominantly been in relationship management, spending 39 years at Barclays where he held senior roles such as area relationship director. At Secure Trust Bank, Alistair will be responsible for managing a portfolio of asset based lending clients in and around London and will work closely with the origination team to support them in the structuring of new facilities.
In its latest interim results, Secure Trust Bank Commercial Finance announced it had provided £220.7m worth of funding to UK businesses up to 30 June 2019 – an increase of £33.2m in comparison to the same period last year.
John Bevan, managing director at Secure Trust Bank Commercial Finance, said: “We are really excited to be bolstering our regional teams across the country and we are delighted to have been able to attract such a strong and experienced trio who we are confident will fit in with the STB way of life. After opening new offices last year we have seen a huge increase in demand for our services, so it is important that we grow our team in line with this. The flexibility that we offer differentiates us from other traditional lenders and as our client base continues to grow, we will ensure we have the best team possible to help aid business growth across the regions.”