Boag will replace Carl D’Ammassa who will leave the Bank on 15th July.
Boag joins from Royal Bank of Scotland (RBS) where he was Managing Director for their Corporate and Commercial Sector. He was previously on the management Board of Lombard, RBS’s Asset Finance Division and he spent seven years on the Board of the Business Growth Fund, a company set up to make equity investments in SMEs.
James Mack, Chief Financial Officer at Aldermore, said “I am delighted that Tim is joining Aldermore. His extensive industry experience means he is ideally placed to fulfil our ambitions of becoming the first choice for businesses that need funding to help them grow. Our success is underpinned by our people and I’m sure Tim will be a great asset to Aldermore and our customers.”
Boag’s appointment is subject to regulatory approval.