Leumi ABL strengthens market positioning in its tenth anniversary year
As Leumi ABL prepares to mark the tenth anniversary of its launch this summer, the company is increasing its focus on its ABL business and investing in its national infrastructure.
With an established reputation for delivering a full ABL product range to the mid-market with a strong client focus ethos and increasing presence in the PE community, the business will focus on developing its ABL proposition and has ceased marketing Leumi Invoice Finance services.
This is a positive move which will help to reinforce Leumi ABL’s position as a specialist asset based lender in the market across the UK and the company is investing heavily in its team and infrastructure to build for the future.
To support continuing and rapid growth in the North, the company is moving to bigger and better premises in Manchester with an increasing operational team, comprising of client managers, client executives, auditors as well as sales personnel – all operating from the new Manchester office. This helps to support the Head Office function in Brighton and the other four regional sales offices in Leeds, Birmingham, Reading and London, and reaffirms Leumi ABL’s long-term commitment to offering a fully nationwide service from a regional base.
All Southern-based ABL clients and all former Leumi Invoice Finance clients will merge into the new Leumi ABL South Division headed up by Gary Fortune. Gary is a long term member of the Leumi team and most recently was Head of Leumi Invoice Finance. The Northern Operations office in Manchester will be headed up by Nick McGuire, Head of Leumi ABL North.
The rapidly growing Structured Finance Division continues to be led by Jeremy Stagg. This division deals with the private equity focused deals, block discounting, back to back financing and syndicated deals and is also building its team.
Leumi ABL is also delighted to announce that earlier this year Kevin Yates was promoted to Director, with continued responsibility for Risk and Compliance.
At a time of continuing uncertainty and change in the market, it is pleasing to see that the brand continues to be voted as UK Asset Based Lender of the Year in many industry awards and we are proud to hold the title, as voted for by professional introducers, in the ACQ Global, Finance Monthly and M&A Global awards.
We look forward to continuing our growth strategy with the support of our team and the many introducers across the UK who refer businesses to us as we gear up to celebrate our tenth anniversary.