The specialist bank’s wholesale finance team has seen the requirements of UK SMEs change, with such businesses needing larger and more complex funding solutions, ranging from £1m-40m.
The announcement comes after Aldermore appointed Mick Barber and Eamonn Pearson to its team as it revealed plans to expand its offering to bridging finance companies.
- Aldermore to expand offering to bridging finance companies
- £5bn of M&A activity recorded in UK specialist finance sector
- HTB strengthens asset finance team
“To achieve such a significant landmark in a short space of time really demonstrates our backing for these types of products into the independent leasing and bridging markets, as well as our other activities in supporting vendors and clients directly in achieving their ambitions,” said Lee Rhodes, commercial director of wholesale and structured finance at Aldermore.
“The team at Aldermore continues to grow in strength, following the new appointments of Mick Barber and Eamonn Pearson as wholesale business development managers.
“I strongly believe these new hires – combined with our dedication to service excellence and expertise – continue to really set us apart in the market.”