TSL Express Daily News
The Secured Lender
SFNet's 80th Annual Convention Issue
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Top 5 Apps for Organizing
Mar 7, 2019If you’re like most of us, we try to stay organized in business and life, but it gets increasingly complicated…
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The Importance of Stretching
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SFNet's 40 Under 40 Award Winners Panel Recap
Mar 6, 2019Moderator: Samantha Alexander, regional underwriting manager, Wells Fargo Capital Finance’s Corporate Asset Based Lending group and 2016 CFA 40 Under…
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SFNet's Inaugural YoPro Leadership Summit
Mar 6, 2019The Secured Finance Network brought together the next generation of commercial finance leaders for a full day of learning and…
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It’s a Marathon, Not a Sprint
Aug 22, 2018I was recently invited to participate in an executive panel to answer questions from a credit training class comprised of...
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It’s Not Too Late – Five Member Benefits to Cash In On Now
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It’s Time To Break Up With Your Phone
Jul 18, 2018Do I have your attention? Let’s be honest here: do you have the attention span to read this article? Compared…
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Lien Management – What You Need to Know
Jun 6, 2018UCC filing is the cornerstone of all loans and every lien portfolio...
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Potential Impacts of Blockchain on Commercial Lending
Jan 15, 2018By Raja Sengupta, Executive Vice President and General Manager, Wolters Kluwer’s Lien Solutions When it comes to the rising importance…
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How to be a Good Leader
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Fintech and Due Diligence – Disruptors and Established Firms Evolve
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A Commercial Banker’s Tickler Transition Plan
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Understanding and Developing Your Personal Brand: Four Steps to a More Intentional Career Progression
Sep 5, 2017It is imperative for individuals to have a general idea about their future career aspirations, just as companies should have clearly defined strategies.
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Selecting a Technology Vendor: 3 Questions to Ask
Jul 5, 2017As with anything else at your bank, selecting a technology vendor can be a challenging decision. Users from across different…
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Why Back-Office Lending Automation Enhances Customer Satisfaction
Apr 25, 2017Every bank strives to keep its customers happy. Of course, some institutions are better at achieving this goal than…
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The Lost Art of the Loan Purchase
Mar 2, 2017Purchasing a loan directly from a bank whether at par or discount is a not-often-used technique that is easily…
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Audit Prep: Why a Paperless Approach Makes Sense
Feb 15, 2017How much time does your financial institution spend preparing for audits? We recently surveyed 187 community banks, and the results…
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Back Office Support Services: Helping you approve more clients
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“All Assets” is the Key When Drafting UCC-1 Financing Statement Collateral Descriptions
Jan 30, 2017Even when prepared by outside or in-house counsel, many lenders pay close attention to draft UCC financing statements before they…
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Paper Loan Files: Does Your Bank Know the True Cost?
Jan 12, 2017Sure, there’s a tangible cost associated with deploying an electronic loan imaging system. Software, support, and scanning hardware are just…
September 25, 2024
Source: Yahoo Finance
Cambridge & Counties Bank, which specialises in asset finance, has strengthened its team with three new appointments.
The new hires will operate from the bank's recently established office in Reading, which serves as a hub for asset finance clientele.
Matthew McDermott has been appointed as head of credit-asset finance flow, a novel division aimed at providing bespoke finance solutions for loans up to £150,000.
This segment is pivotal for asset finance transactions, and the bank is poised to leverage its customer-focused approach to make a significant impact.
McDermott brings more than two decades of industry expertise, having previously served as head of credit for Kion Financial Services' UK captive business, with a career spanning Lombard, Aldermore, Metro Bank, and Wesleyan.
Joining McDermott, Tamsin Emery steps in as business development manager, also with over 20 years in the asset finance sector.
Renny Aspill joins as asset finance lending officer, adding a wealth of customer service experience to the team.
This expansion aligns with the opening of the bank's new Reading office, a move to tap into one of the UK's asset finance hotspots.
Cambridge & Counties Bank reported a record-breaking gross new lending figure of £328m in its 2023 results, marking a 6% increase from the previous year.
The bank's asset finance business, in particular, saw a surge in customer drawdowns and net book growth, with exposures climbing by 17%. Notably, dedicated finance for classic, vintage, and sports cars soared by 18%.
Cambridge & Counties Bank head of asset finance Glen Christie-MacAllan commented: “Asset finance continues to grow in importance to many UK businesses during these uncertain times, and we continue to invest in our own team and market proposition to meet this strong demand servicing our valued business partners and customers. These fantastic new appointments, alongside the opening of our new office in Reading and the roll out of our new Flow business line, underscore the bank’s deep commitment to the Asset Finance market, our brokers and our customers.”
"Cambridge & Counties Bank bolsters asset finance team" was originally created and published by Leasing Life, a GlobalData owned brand.
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