Wyelands Bank has appointed Ian Flaxman (pictured above) as its managing director of working capital solutions.
Ian has 20 years of experience in the asset-based lending industry and was previously at HSBC where he was responsible for deal structuring and execution of large corporate asset-based lending facilities.
At Wyelands Bank, Ian will focus on expanding the bank’s asset-based lending offering to help provide businesses with greater access to funding.
Ian’s appointment is part of the bank’s strategy to help manufacturing and industrial businesses to trade and grow through the right combination of simple working capital solutions.
“In a short space of time, Wyelands Bank has become known as a bank that understands its customer’s businesses and helps them to grow,” said Ian.
“They have achieved this by focusing on what a business really needs, tailoring solutions that are flexible and operate without product silos.”
Since opening in December 2016, Wyelands has grown its total assets from £24m to in excess of £600m in its first 12 months.
“We take the time to get to know and understand the businesses we support, ultimately helping our customers to trade, grow and create jobs,” said Iain Hunter, CEO at Wyelands Bank.
“With a strong track record in asset-based lending, Ian’s appointment is further evidence of that commitment and will ensure our team can continue to deliver innovative and high-quality working capital solutions.”
SIGN UP TO OUR NEWSLETTER TO RECEIVE MORE NEWS LIKE THIS STORY
N26 introduces MoneyBeam to UK users
N26 has introduced MoneyBeam to its UK users which will enable them to instantly send money to other users of the mobile bank...
NatWest names new CEO for Mettle
NatWest has named Marieke Flament (pictured above) as the CEO of its SME digital banking subsidiary Mettle...
CYBG to rebrand as Virgin Money and launch a new business current account
CYBG has revealed that it will rebrand to Virgin Money over the next two years with new Virgin Money-branded products...
New bank Chetwood Financial reveals long-term ambitions
Chetwood Financial is aiming to use technology to offer better deals to customers, having secured a banking licence late last year...
The opportunity for accountants to help businesses
In light of bank and building society branch closures, a new report published by Oxford Economics in partnership with Funding Circle has revealed that in the UK — despite the vast economic output generated by SMEs — small business lending accounts for only 2% of banks’ balance sheets...
Paragon Bank’s structured lending team passes £100m milestone
Paragon Bank’s structured lending team has passed its £100m milestone 18 months after launching...
Hanley Economic expands intermediary support team
Hanley Economic Building Society has appointed Kate McKeon (pictured above) as an intermediary sales assistant...
Gatehouse Bank names new direct adviser
Gatehouse Bank has appointed Robert Siddall (pictured above) as a direct adviser...
British Business Bank increases facility with Simply to £180m
Non-bank lender Simply has received a third facility of £60m from the British Business Bank under the latter’s ENABLE funding programme...
OakNorth provides facility for cloud platform provider acquisition
OakNorth has provided a loan to managed service and cloud platform provider Oncore IT for the acquisition of Fuse Technologies...
Monzo to launch first USA accounts this summer
Monzo has announced it will be launching its first accounts in the USA this summer...