OakNorth has moved into a new office in Manchester at Ship Canal House.
The office — which has capacity for 60 people — has 3,238 sq ft of space and is located on King Street.
The specialist bank has also hired a dedicated team which is focused on originating and transacting SME lending in the North.
Christopher Swarbrick (pictured above, centre) joins OakNorth as senior director of property finance from Europa Capital Debt Investment and previously served at Barclays and RBS.
Both Stewart Haworth (second from right) (formerly of Santander) and Daniel Martin (left) (ex-NatWest) have been recruited as directors of debt finance, while ex-Investec senior manager David Rowlinson (second from left) joins as director of property finance.
Dave Taberner (right) has been appointed as associate of property finance from CBRE Capital Advisors, having previously served at RBS.
“Our co-founder Rishi Khosla has always said that the best businesses thrive in times of economic turmoil,” said Ben Barbanel, head of debt finance at OakNorth.
“Despite ongoing economic uncertainty, we continue to see incredible demand from British businesses keen to pursue their growth ambitions, and because most high street banks have been retrenching from SME lending, this has only been compounded.
“One of the features about our process that our borrowers greatly appreciate is the ability to discuss their financial needs directly with the credit committee.
“To ensure we can continue offering this experience and build strong relationships with businesses and property developers in the North, we have made several senior hires in Manchester who will be originating and transacting deals.”
SIGN UP TO OUR NEWSLETTER TO RECEIVE MORE NEWS LIKE THIS STORY
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...