Redwood Bank makes key promotion to support businesses with their lending needs
An award-winning bank has further strengthened its commitment to supporting British businesses with the announcement of a key promotion.
Redwood Bank is on a mission to become the UK’s best specialist business bank and has promoted Sam Taylor to the role of business development manager to support its growing business development offering across the East of England and the East Midlands.
Sam joined Redwood from the Royal Bank of Scotland in 2020 and has more than eight years’ experience in secured lending and asset finance roles.
He said: “I am eager to engage with the relatively untapped markets in the East Midlands and East of England, where I’ll be connecting with brokers and customers to help meet their lending needs and achieve their financial goals.
“I’m fortunate to have the backing of a highly experienced underwriting team which will assist me to source the most suitable solutions for our customers’ lending needs.
“Redwood Bank’s innovative and flexible banking solutions are a perfect match for my drive to deliver tailored financial services to businesses and experienced landlords.”
Sam said he was initially drawn to Redwood because of its exceptional customer service and commitment to providing sustainable and responsible banking which resonated with his own passions for building strong, lasting client and broker relationships and environmental and social responsibility.
Andre Parcian, head of business development (Midlands and Wales), said: “We’re committed to helping British businesses to navigate the ever-changing financial and business landscape by offering secured, individually assessed loans and simple, rewarding savings accounts.
“Prior to Sam’s latest promotion he had been heavily involved in Redwood’s end-to-end customer journey as a credit operations officer, business development officer and most recently as associate business development manager, covering the London and South Region.
“His latest promotion is particularly important to us because it comes at a time when our business development offering is growing in strength.
“We’re excited about Sam bringing his wealth of experience to managing relationships and originating new business proposals in the East of England and East Midlands region.”
Redwood, which is this year celebrating its seventh anniversary, has grown its profit before tax for the third successive year, revealing a 2023 increase to £5.5m from £2.3m in 2022 and £2.2m in 2021, the first year it reached profitability.
In October last year, Redwood announced its parent company, Redwood Financial Partners Ltd (RFPL), had signed Heads of Terms for the reverse takeover of R8 Capital Investments plc (R8), a company listed on the London Stock Exchange, in a strategic move to raise capital.
