SME commercial finance provider IGF has appointed three new asset based lending (ABL) directors.
The three senior hires will be based in Scotland, the Midlands, London and the South East. To compliment the addition of the new directors, IGF has also opened offices in Central London and Glasgow.
Alan Anderson, based in Glasgow, joins IGF to lead its Scottish ABL offering. His career includes time at Clydesdale, Aldermore and Bibby. He said: “IGF is a company held in extremely high regard within the industry, so joining the firm presents an exciting opportunity. Small and medium-sized businesses in Scotland need more lending options aside from the traditional banks and traditional independent invoice financiers. IGF’s expansion into the region will be a huge benefit for these businesses.”
IGF also welcomes Barry Lee, the new ABL Director for the Midlands. He has over 20 years’ experience in structuring bespoke finance solutions, MBOs, acquisitions and turnaround finance.
Lee said: “IGF’s countrywide expansion demonstrates a fantastic opportunity to increase the level of financial support for SMEs, not only in the Midlands region but across the UK. I am very much looking forward to helping IGF expand the ABL side of its business.”
In addition, Alan Austin joins as ABL director for London and the South East region. He has worked in the sector for 18 years and has experience of a variety and complexity of deals, including MBOs, MBIs and acquisition, refinance and turnaround.
Austin said: “I am thrilled to be joining IGF at such a crucial stage of its expansion process. The firm’s commitment to growth is at the core of the business, and I am looking forward to seeing what we can achieve together.”
John Onslow, CEO of IGF Group, said: “These senior hires form a key part of IGF’s ambitious expansion plans, with each of them holding claim to successful careers within the ABL industry. Their expertise will open the door to funding for many SMEs and prove fundamental in the success of IGF’s regional expansion.”