
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.”
-
Temenos partners with ClearBank for cloud payments
Banking software company Temenos has formed a strategic relationship with ClearBank to provide banks with a faster route to market for real-time cloud payments...
-
Unity Trust Bank registers 34% rise in profits
Unity Trust Bank increased profits by 34% in 2019...
-
Believe the hype – why explainable AI is a trend that’s here to stay
Technology has become a ubiquitous part of our day-to-day lives...
-
Piloting tech updates: ‘The bigger the bank, the harder it is to get anything done’
In the latest Medianett filmed roundtable session, we discussed how important technology is in the banking space, and what impact the industry expects it to have on its businesses in the future...
-
What banks need to know about cloud security
One of the most common perceived concerns when adopting the cloud is the issue of security...
-
OakNorth sees 95% increase in pre-tax profits
OakNorth Bank has announced a 95% rise in pre-tax profits in 2019 to £65.9m, up from the £33.9m recorded in 2018...
-
Redwood Bank signs up to Women in Finance Charter
Redwood Bank has announced that it has signed up to the Women in Finance (WIF) Charter...
-
Masthaven launches digital Women in Leadership programme
Masthaven Bank has launched a new Women in Leadership digital development programme for female senior leaders...
-
Protecting against supply chain disruption and the domino effect
Disappointingly, many UK SME business owners don’t understand their supply chains...
-
Confused about which Isa to choose? Hopefully this mini-guide will help…
We are now firmly in Isa season, so you’re likely to read multiple articles about the most competitive Isa products in the market and how best to make the most of your Isa allowance before the end of the tax year...
-
Garden shed entrepreneurs contribute £16.6bn to the UK economy
Entrepreneurs who run their businesses from garden sheds contribute £16.6bn annually to the UK economy, according to a recent study...