Allica Bank expands care home commercial banking team

Allica Bank has appointed Brian Bovell (pictured above) as a specialist relationship manager for its care home commercial banking team.

In his new role, he will promote the bank’s proposition in Scotland and the north of England, as well as oversee care home commercial finance cases submitted by brokers and clients in the two regions.

Brian, who has worked in the specialist banking market for over 20 years, brings extensive knowledge of the healthcare and care home sector to the role.

He joins the lender from the Bank of Scotland, where he previously worked as a BDM.

The appointment follows the bank’s launch of its commercial mortgage product for care homes and the creation of its specialist care home team to specifically support independent or small group operators as the market readjusts from the pandemic.

In March, Allica Bank also announced it doubled its maximum commercial mortgage customer exposure for care home clients to £10m in order to enable more operators to strengthen and scale their businesses.

“I’m delighted to join Allica Bank and give care home operators in Scotland and the north of England access to the expertise they need to recover and grow,” said Brian.

“This is a heavily regulated industry that faces unique challenges — it’s important that brokers and their clients can speak to someone at a bank that understands the everyday pressures faced by those businesses operating within it.

“The pandemic has compounded many of these issues and has shaken up a long under-invested sector.”

Nick Baker, chief commercial officer at Allica Bank, added: “With an aging population, it is so important that we encourage growth and expansion in the industry, and don’t marginalise such a significant part of the sector.

“We’re thrilled to be further expanding operations in Scotland and the north of England, and are confident we have an excellent team in place to support the sector as it moves out of the pandemic.”

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