This new position will boost the existing team in Yorkshire and the North East, enabling Close Brothers Invoice Finance to further expand its services to businesses in the North of England.
Edward, who brings with him more than 16 years of corporate banking experience, most recently at National Australia Bank, will be responsible for generating new business across Yorkshire and the North East, targeting corporate asset based lending deals with debt ranging from £2m to £35m.
He said: “This is an exciting time to be joining Close Brothers Invoice Finance. In an incredibly competitive marketplace, Close Brothers is proving it has the appetite and resources to carry out some of the largest transactions in the industry and I wanted to be part of that.
“I’m looking forward to working closely with local businesses to devise bespoke finance packages that support their strategic plans and enable them to grasp opportunities for growth as the recovery continues to gain momentum.”
Ian Steward, managing director for Close Brothers Invoice Finance in the North said: “After several years of austerity and cut-backs, this is an opportune time for firms across Yorkshire and the North East to invest in their business.
“We are delighted to welcome Edward on board to help us increase awareness of and access to alternative finance in the region, particularly asset-based lending.
“With his extensive corporate experience, he will no doubt be a valuable asset to our team and the businesses he serves.”
Asset-based lending blends invoice finance with funds releases against other business assets, such as stock, property, plant and machinery.
For more information on how Close Brothers Invoice Finance could help your business please visit www.closeinvoice.co.uk