Aldermore’s Jones joins Reward

DEALMAKER Dave Jones has joined Reward Capital and Reward Commercial Finance.

Mr Jones has left his post as senior regional managing director at Aldermore Invoice Finance to become a partner at both businesses.

Reward Capital was launched in Leeds in 2010 by Andrew Ward and Tim Vaughan with its sister business following in November last year.

Partner Tom Flannery said: “Dave’s many years’ lending experience have given him a technical ability that few can match. This combined with his extensive contact base, and the drive to get the right deals done fast, is exactly what we were looking for to take the Reward businesses to the next level.”

Mr Jones qualified as a chartered banker more than 20 years ago and held posts at Eurosales Finance and Yorkshire Bank before joining Cattles Invoice Finance that was later acquired by Aldermore.

He said: “I was impressed with the obvious appetite for lending that Reward showed in its first year. Its ethos of getting to know regional businesses well, quickly devising flexible deal platforms and lending packages, and making sensible but entrepreneurial in house credit decisions, appealed greatly in this troubled lending climate.

“I expect us to see many significant deals done this year, with a number already lined up for completion early in 2012.”

Mr Jones’s role will be focused on business generation, deal structuring and ongoing risk management.