Credit, Collections & Insolvency News
Paragon Business Finance has become the latest financial services provider to register with the Lending Standards Board (LSB) Standards of Lending Practice for business customers – asset finance. The Asset Finance Standards set the best practice framework for the provision of asset finance to businesses with a turnover up to £25m, and cover hire purchase and…
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Specialist business bank Redwood has announced the appointment of Stuart Davidson as its new Chief Commercial Officer (CCO), to further bolster the Bank’s savings and lending proposition for future growth. Davidson, who joined Redwood in early 2018, just months after its launch, has more than 35 years of financial services experience. He spent two decades…
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Independent finance provider, Time Finance has appointed Terry Wolfendale as Head of Sales (South) within its Invoice Finance division as the lender ramps up its business finance support for SMEs. Wolfendale joins Time Finance having held a number of senior leadership roles over a 25-year period, including Lloyds Commercial Finance, Bibby Invoice Finance, RBS and…
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International SME financier Bibby Financial Services (BFS) has appointed Mark Holloway as Chief Information and Technology Officer. Holloway joins BFS with over 20 years’ experience in financial services and technology, most recently at Ashman where he was founder member and Chief Technology Officer, having built and scaled the digital start-up from pre-seed, through to multiple…
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Secure Trust Bank Commercial Finance (STB CF), the asset-based lending (ABL) arm of Secure Trust Bank, has announced the promotion of Richard Foote to Chief Operating Officer (COO). Foote brings a wealth of experience and a proven track record to the role having been pivotal in STB CF’s growth over the past five years as…
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Global asset specialist Gordon Brothers has announced that it has acquired SIA Group, a leading asset valuation, advisory and trading firm. Established in 2003, SIA Group has built a strong reputation and client base by providing innovative asset valuation and sales solutions within the asset-based lending and corporate restructuring industries. The combined team led by…
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Redwood Bank has announced it has appointed Tina Kokkinos as Non-Executive Director Kokkinos has more than 20 years of experience across leading financial institutions and brings a wealth of knowledge in strategy, operations, risk and governance. Her background includes senior leadership roles at JPMorgan, HSBC and fintech start-up Siege FX, as well as current board…
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ICAEW has announced changes to its leadership team. Iain Wright has been appointed Chief Policy and Communications Officer. In this role, he will oversee ICAEW’s influence, advocacy and public affairs work, ensuring a coordinated approach to the Institute’s global policy and communications activities. Pamela Harding will take up the role of Chief People Officer, having…
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LHV Bank has announced a partnership with LendingMetrics. LHV began operating in the UK in 2018 as a branch of the Estonian-based AS LHV Pank, but since securing its UK banking licence in May 2023 functions as a standalone entity, LHV Bank. The bank provides services such as banking for global fintechs, SME lending for…
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Asset Based Lending (ABL) and commercial lending specialist IGF has announced that it’s Executive Director, John Onslow has announced his steps into retirement after nine years of leadership. Since founding IGF in its current guise, Onslow has been instrumental in driving the business forward. Under his leadership, IGF has grown its lending portfolio from approximately…
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Redwood Bank has announced it has appointed Sergio Cruz as Chief Financial Officer (CFO) Cruz joined Redwood in 2018 as Head of Risk, before moving to Director of Risk, Director of Treasury, Chief Treasury and Strategy Officer and ALM, before becoming Deputy CFO. He had previously worked at PWC, One Savings Bank and Amicus Finance.…
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Cashflow finance provider eCapital Commercial Finance (eCapital) has appointed Lisa Cleaver as Chief Operating Officer (COO). In her role as COO, Cleaver will focus on driving operational efficiency throughout the business while ensuring eCapital’s strategic vision translates effectively into execution. David Tilling, CEO at eCapital, said “Lisa’s appointment demonstrates our commitment to building a strong…
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The Institute of Credit Management (CICM) has announced that it has appointed Debbie Nolan as Head of Professional Development. Nolan joins to focus on continuing to shape the CICM’s professional development programme, supporting individuals and organisations in enhancing their credit and collections skills. She brings extensive industry experience to the role and has a…
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