We're pleased to announce the appointment of Oliver Wilson as Head of Asset Based Lending for the South West and Wales region.
Oliver has been promoted from the position of Business Development Director. He will be responsible for driving and leading the RBS asset based lending proposition and working with SMEs and corporates to structure and deliver facilities.
Asset based lending is becoming more established as a mainstream lending solution and awareness is increasing around the benefits of this flexible debt structure. It lets businesses to borrow against the value of their trade receivables and inventory to achieve the working capital they need, as well as term loans against fixed assets. It's an increasingly popular option for businesses looking to finance growth, as the loan is secured against the company’s existing assets rather than relying on future cashflow.
Oliver will be based in the bank’s Reading office but will also cover the Gatwick, Solent and Bristol areas. He will lead a team of three Business Development Directors: Justin Edwards continues in his role, Martin King has recently been promoted and we are delighted to welcome Richard Preston into the team. Lauren Couch will continue her key role in managing client relations, also reporting into Oliver.
Oliver Wilson Head of ABL South West and Wales:
"This is an exciting time for the team as we are now in a position to focus on an integrated asset based lending offering across the Southern region. I am looking forward to meeting customers across the region and introducing the benefits of asset based lending."
Kevin Haupert, invoice finance team:
"The expansion of the team and Oliver’s appointment demonstrates our appetite to grow our book and work with SME and UK plcs. We are committed to promoting the benefits of asset based lending, which is being more widely recognised as an alternative funding solution to support growth."
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