Hampshire Trust Bank (HTB) has announced the relaunch of its Asset Finance division as Specialist Business Finance. The division has launched a new specialist business line, Structured Asset Finance, to complement the existing core offering which will remain unchanged. The new structure comprises broker asset finance, wholesale lending and a series of specialist business lines, the first of which is Structured Asset Finance.
HTB has appointed Robert Still and Richard O’Brien to lead the Structured Asset Finance business. Still and O’Brien join from Amicus Asset Finance where they served as Director of Business Development and Business Development Manager respectively. They are based in London and report to Jon Maycock, Managing Director of the Specialist Business Finance division. The Structured Asset Finance business will support the existing lines and focus predominantly on re-structuring businesses debts with a typical ticket size ranging from £250k to £2.5m.
Commenting on the relaunch, Jon Maycock said: “Despite lending bouncing back since the economic crisis of 2008 there is still a gap in availability of funding for UK SMEs. We have made exceptional progress over the last four years and are well positioned to build on our success in this growing market to help close this funding gap and ensure the future for UK SMEs. This relaunch has been implemented to broaden and develop HTB’s proposition. We are expanding into new markets and investing in specialist expertise which will drive the delivery of flexible and innovative solutions for our new and existing business partners. This strategy will help us achieve our long-term ambition of becoming the go-to bank in our chosen markets. I am pleased to welcome Robert and Richard to the team.”