Secure Trust Bank Commercial Finance has appointed Richard Foote as its regional managing director for London and the South East as it looks to increase its lending.
Foote (pictured) joins from ABN AMRO Commercial Finance where he held the role of director of origination and structuring in the firm’s London office focussed on structuring and transacting asset-based lending (ABL”) facilities both domestically and in Europe. During his five years at ABN he held senior origination and portfolio management roles.
Prior to this, he worked in the advisory arm of PwC where he qualified as a Chartered Accountant and specialised in corporate restructuring and debt and capital advisory.
As regional managing director, Foote will be responsible for developing and implementing the local strategy and leading the dedicated relationship and origination teams based in London and the South East providing ABL facilities between £1 and £50 million.
Foote said: “I am delighted to be joining Secure Trust Bank at this exciting time with its strong appetite to provide alternative financing options and liquidity to businesses. Having worked in London and the South throughout my career, I understand the huge opportunity there is in the region and the need for a flexible and tailored approach when it comes to lending.
“I’m looking forward to working with the team and with businesses across the region to see it prosper.”
Sean Powell, national sales director at Secure Trust Bank Commercial Finance, added: “We are delighted to have been able to attract an individual of Richard’s calibre which further strengthens our growing London team, and we are confident that he will fit in to the STB way of life.
“With a full complement of local regional managing directors now in situ within each of our four regional offices, we believe we are well placed to provide an experienced team that understand the local marketplace.”