Aldermore appoints two new directors




Specialist lender Aldermore has appointed two directors to its business finance risk team.

Jon Flagg has joined as risk director for asset finance, while Clive Gould has been appointed risk director for invoice finance.

Jon has over two decades of asset finance risk experience having held positions at National Australia Bank, CIT/Newcourt, HSBC and BNP Paribas.

Prior to joining Aldermore, Jon led GE Capital’s asset finance underwriting activities.

Clive brings over 24 years of industry experience, during which he spent 12 years at Close Brothers Invoice Finance, most recently as credit risk director.

Jon and Clive will be responsible for underwriting, proposal and KYC, asset management and in-life portfolio oversight and will report to Carl D’Ammassa, group managing director at Aldermore.

Carl said: “Last year, Aldermore’s business finance division originated £1bn in new lending so it is vital that we maintain a strong and effective risk management function.

“The wealth of experience that Jon and Clive bring to the bank will help us to continue to manage the division’s risk appetite in a prudent and transparent way, while giving us the ability to react quickly and flexibility to the financial needs of the UK’s fast-growing small- and medium-sized businesses."

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