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.”
SIGN UP TO OUR NEWSLETTER TO RECEIVE MORE NEWS LIKE THIS STORY
Revolut valued at $5.5bn following $500m fundraise
Revolut has raised an additional $500m in Series D funding, which takes the total amount secured by the company to $836m and values it at $5.5bn...
Hodge joins Advise Wise Mortgage Club lender panel
Hodge has announced that it has been added to Advise Wise Mortgage Club’s lender panel...
Shawbrook provides £500,000 second charge loan to protect property’s value
Shawbrook Bank has provided a £500,000 second charge loan to save a client’s property value...
Redwood Bank launches new business savings bond
Redwood Bank has launched a new one year business savings bond with a rate of 1.62%...
OakNorth Bank completes seven-figure debt finance deal
OakNorth Bank has provided independent advisory firm Dow Schofield Watts with a seven-figure debt finance facility to make a strategic investment in Camlee Group...
Starling Bank raises £60m and gives shares to employees
Starling Bank has revealed that it has raised £60m from its existing investors Merian Global Investors and JTC...
Cash costs time for SMEs — how can banks help?
Cash is still king for businesses up and down the country; businesses that must essentially be flexible to consumer preferences...
SB to host filmed roundtable on how specialist banks aim to utilise technology in 2020 and beyond
Next week, Specialist Banking will host its sixth filmed roundtable event in association with Watson Farley & Williams...
Aldermore names Tim Boag as group managing director
Aldermore has named Tim Boag (pictured above) as its new group managing director of business finance...
Aldermore’s outlook for SMEs in 2020
As we enter 2020, it’s worth reflecting on how the economic landscape in which UK small businesses currently operate in is changing...
Cynergy Bank opens first Scottish office
Cynergy Bank has opened its first Scottish office in Edinburgh...