RBS has appointed Agness Nairn as the head of its asset based lending team in Scotland. Agness will be responsible for a team focused on providing asset based lending for Scottish corporates and SMEs.
Agness joins the Asset Based Lending team after working as Coverage Director for the Royal Bank's corporate banking team in Glasgow. She has over 20 years’ experience across corporate and business development roles within the bank, and is also a qualified chartered accountant.
Agness will be based in the bank’s Glasgow office and will work in collaboration with financial sponsors, debt advisors and Royal Bank of Scotland relationship management banking teams.
Agness Nairn, Head of Asset Based Lending in Scotland:
"The asset based lending team in Scotland delivers funding facilities to a variety of businesses with a turnover above £10 million. It's an exciting time to join the team because there's a new sense of awareness around asset based lending. Finance directors and business leaders are increasingly attuned to the flexibility of asset based lending and are finding it a prudent and agile way of financing their business needs.
"As well as accounts receivable, many businesses have a considerable amount of capital tied up in physical assets, such as inventory, plant and machinery, and property. Asset based lending liberates the cash held within these assets, giving fast access to substantial sums of working capital.
"I'm looking forward to working with new and existing clients of the bank as well as intermediaries to support growth with this flexible form of funding."
Security may be required. Product fees may apply.
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