Shawbrook Bank launches new wholesale lending division
10 July 2013
Specialist lender Shawbrook Bank has appointed three of the UK’s leading experts in structured finance to set up a new wholesale lending division at the bank.
Kieran McSweeney, Marc Sefton and Michael Katramados join Shawbrook today from Royal Bank of Scotland, where Sefton and McSweeney were joint Directors of Structured Finance, and Katramados an Associate Director.
The new wholesale division will sit within the bank’s growing asset finance business – Shawbrook Asset Finance. The division will offer asset-backed revolving credit facilities to finance and debt purchase companies and specialist lenders in the UK.
Shawbrook already offers block finance facilities to small and mid-size finance companies, funding a wide range of assets to both consumers and corporate clients. The new division will further extend Shawbrook’s offer in the market, providing the highly sophisticated modelling needed to fund more complex assets.
As with all of Shawbrook’s lending businesses, the wholesale lending division will offer a fast and flexible service, with decision making by specialist teams that have a deep understanding of the markets in which they operate.
Ian Henderson, CEO of Shawbrook Bank said:
“I can think of no better team in the industry to lead our new wholesale lending division at Shawbrook Bank. Marc, Kieran and Michael are highly respected specialists in this market, and their appointments mark an exciting new chapter in Shawbrook’s growth story.
“We’ve had a phenomenal two years at Shawbrook but no matter how fast we grow, we will always be committed to offering our clients an outstanding service. The wholesale market is currently underserved in the UK, and Shawbrook’s point of difference will focus on speed, efficiency and expertise.”
Kieran McSweeney, Joint Director of Wholesale Lending at Shawbrook Bank said:
“We believe there is a real gap in the wholesale market for a lender with market leading technical expertise combined with a very strong service proposition. In particular, we know that speed of execution and lack of flexibility in terms is an issue for many finance companies looking for credit.”
Marc Sefton Joint Director of Wholesale Lending at Shawbrook Bank continued:
“We liked Shawbrook’s approach to lending, where specialist teams make decisions based on a real understanding of each client’s business. The new wholesale division will take the same approach, looking in detail at each client’s business model before working with them to develop a tailored solution that really suits their needs.”