South: Arbuthnot launches asset-based lending division

Arbuthnot Latham & Co, the private and commercial banking and wealth management arm of the Arbuthnot Banking Group plc, has announced the launch of Arbuthnot Commercial Asset Based Lending.

The new division has been launched to provide businesses with a comprehensive asset-based lending suite including confidential invoice discounting, supported by stock, plant & machinery, property and cash flow lending.

Tim Hawkins will lead the division as managing director and takes up his appointment with immediate effect. Hawkins joins with over 25 years’ experience in the asset-based lending industry, having previously co-founded Centric Commercial Finance, which was subsequently acquired by Shawbrook Bank, where he was MD of the business credit division.

Commenting on the launch of the new division, Arbuthnot Latham chief executive Ian Henderson said: “The launch of the new division further strengthens our commercial banking offering, as we continue to drive our growth strategy. Tim brings the expertise, experience and knowledge required to drive further growth for SMEs and mid-cap businesses.”

On the new division, Hawkins said: “I am extremely proud to have joined Arbuthnot Commercial as managing director of this new division. The team we are building is united by the desire to work in an enterprising culture and provide an asset-based lending service that delivers personal attention and develops long-term relationships founded on trust and transparency. We have a clear go-to market strategy and we are excited by the opportunity to build a strong market presence.”