Shawbrook establishes new lending division

Shawbrook establishes new lending division



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Shawbrook Bank has appointed three of the UK's leading experts in structured finance, in an effort to set up a new wholesale lending division.

Shawbrook Bank has appointed three of the UK’s leading experts in structured finance, in an effort to set up a new lending division.

The new division will sit within the bank’s asset finance business and will offer asset-backed revolving credit facilities to debt purchase companies and specialist lenders in the UK.

Kieren McSweeney and Marc Sefton join the Shawbrook team from Royal Bank of Scotland, where they were positioned as joint Directors of Structured Finance.

Michael Katramados also joins the team from Royal Bank of Scotland, where he was an Associate Director.

Speaking on the new lending division, Kieran McSweeney, Joint Director of Wholesale Lending at Shawbrook Bank, said: “We believe there is a real gap in the wholesale market for a lender with market leading technical expertise combined with a very strong service proposition. In particular, we know that speed of execution and lack of flexibility in terms is an issue for many finance companies looking for credit.”

The Bank already offers block finance facilities to small and mid-size finance companies, funding a wide range of assets to both consumers and corporate clients.

The new division however, will further extend Shawbrook’s offer in the market, providing the highly sophisticated modelling needed to fund more complex assets.

Speaking on the new additions, Ian Henderson, CEO of Shawbrook Bank said: “I can think of no better team in the industry to lead our new wholesale lending division at Shawbrook Bank. Marc, Kieran and Michael are highly respected specialists in this market, and their appointments mark an exciting new chapter in Shawbrook’s growth story.

“We’ve had a phenomenal two years at Shawbrook but no matter how fast we grow, we will always be committed to offering our clients an outstanding service. The wholesale market is currently underserved in the UK, and Shawbrook’s point of difference will focus on speed, efficiency and expertise.”

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