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Wyelands Bank appoints new director

Tom Belger | 12:30 Wednesday 27th June 2018

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.”

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