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Last updateFri, 16 Aug 2019 9am

Broker firm launches national vendor finance division

Financial services broker, Midlands Asset Finance (MAF), has announced the appointment of four directors for the creation of its new national vendor finance division.

Heading the division up will be the newly appointed Director & Head of Vendor Finance UK, Stewart Good, who previously led the vendor division at Aldermore, and his team will consist of Steve Shuttleworth, James Pigrem and David Cowe.

David joined MAF earlier this year after spending 14 years at Econocom Technology Finance, whilst James and Steve have also joined MAF from Aldermore’s vendor finance team, after previously building successful careers at the likes of Santander and GE Capital.

The appointments are the latest in a continued recruitment drive for MAF as the company maintains its rapid growth, more than doubling its headcount to 36 in three years.

Speaking on the creation of the new division, MAF Director & Head of Business Development, Dave Chapman, said: “I am delighted to welcome Stewart and his new team to MAF to launch our national vendor finance division. 

“This ties in with our future growth strategy to open offices in the north and south as we grow our direct team on a national basis, too.

“The team brings a wealth of experience in the vendor arena, and we will be going to market with a unique offering to meet the needs of the vendors and their customers.” 

Stewart added: “I am delighted to have joined MAF to head up their national vendor finance division. 

“We have created a team with many years’ industry experience who will be able to deliver a compelling and competitive offering for our vendor partners.

“Under the MAF model, the vendor team has access to multiple funding products and capabilities, which will then enable us to provide a suitable and flexible finance solution to our vendor partners and their customers.”

Businesses currently considering finance options can find out more at https://www.midlandsassetfinance.co.uk or use MAF’s online tool at http://assetfinancecompared.co.uk