Cynergy Bank has opened its first Scottish office in Edinburgh.
The specialist lender’s new office will support customers throughout Scotland and provide customers who are investing, developing or dealing in property with a local service from a specialist team.
Cynergy Bank has also appointed Kenny Stewart (pictured above) as director of property finance for Scotland and John Whyte as relationship director.
Kenny served at RBS for over 30 years — where he led the structured finance business for 10 years — while John also previously worked at RBS.
“We know the Scottish market well and believe there is a good opportunity to grow our business, with a focused, relationship-driven model, which serves the needs of customers in the property finance sector,” said Kenny.
Greg Jones, managing director of property finance and bridging at Cynergy Bank, added: “Over the years, we have been supporting UK property entrepreneurs and business owners, helping them to grow and achieve their ambitions.
“We know that Scotland is a dynamic and evolving market, and we are determined to support ambitious customers to capitalise on this opportunity by providing specialist support.
“Now, with a locally based and highly experienced team, we can deliver certainty, quickly tailoring our approach to meet individual customer needs.”
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...