Aldermore to expand offering to bridging finance companies
Aldermore

Aldermore to expand offering to bridging finance companies



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Aldermore has announced that it plans to provide more wholesale finance facilities to independent bridging finance and leasing companies.

The announcement comes after the specialist bank appointed Mick Barber and Eamonn Pearson as wholesale business development managers as it looks to strengthen its presence in the market.

Aldermore provides wholesale finance facilities to independent bridging finance companies to help them grow their loan books.

Eamonn will be responsible for this area of the business, which Aldermore refers to as block bridging.

Prior to joining Aldermore, Eamonn was client engagement manager at Investec within its banking for business team, providing working capital solutions for SMEs.

“Helping companies expand their current client reach is the type of work I thrive on being involved in,” said Eamonn.

“This opportunity – coupled with the prospect of working closely with more independent bridging finance companies – makes my new role an ideal fit for me.”

Meanwhile, Mick will oversee activity in the bank’s discounting and wholesale introducer space.

Earlier this year, Aldermore provided a £20m block discounting package to SME lender Simply Asset Finance.

 “I am excited by the opportunities this new role brings and having the chance to contribute to the bank’s growth,” added Mick.

“I look forward to building on previous successes and using my industry experience to develop new relationships, as well as further enhancing existing ones.”

Both Eamonn and Mick will report to Lee Rhodes, commercial director of wholesale and structured finance at Aldermore.

“The combined experience, knowledge and enthusiasm towards the leasing and wholesale markets from both Mick and Eamonn will be invaluable in helping us expand into new areas,” said Lee.

“We welcome them on board and I look forward to working closely with them, especially at such an exciting time for the bank.”

In April 2017, Aldermore announced that it had extended over £200m in block discounting facilities to smaller UK finance companies.

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