Asset finance expert takes on key role at challenger bank
Cambridge & Counties Bank has appointed a new head of asset finance.
Glen Christie-MacAllan replaces Simon Hilyer, who will move to a new role within the bank developing its broker-based offering.
Christie-MacAllan brings a wealth of asset finance experience to the Leicester-based lender having worked in the market for over 20 years. He previously held senior roles at Shawbrook Bank, Aldermore and Hitachi Capital.
He said: “There is heightened demand from businesses, and the finance brokers that work for them, for competitive asset finance funding. Through our tailored lending approach, Cambridge & Counties Bank is very well positioned to serve this market.”
The bank’s chief development officer Simon Lindley said: “We’re delighted to welcome someone of Glen’s calibre and experience to the team. Asset finance is a primary driver of growth for us, and we see great opportunities to support businesses as they themselves look to invest for growth.
“Simon Hilyer has played a significant role in growing our asset finance proposition and we’re delighted to be keeping his expertise within the bank.”
Cambridge & Counties recently broke through the £1bn lending barrier for the first time.
Since establishing its presence in the East Midlands, it has opened offices in Sheffield, Bristol and London and developed a network of relationship managers stretching across England, Scotland and Wales.