The wholesale division will be part of Shawbrook Asset Finance, its asset finance business, and will offer asset-backed credit facilities to both finance and debt purchase companies and specialist lenders.
Kieran McSweeney and Marc Sefton, former joint directors of structured finance at RBS, and ex-associate director Michael Katramados have been appointed to lead the new proposition.
Shawbrook Bank CEO Ian Henderson said: “I can think of no better team in the industry to lead our new wholesale lending division at Shawbrook Bank. Marc, Kieran and Michael are highly respected specialists in this market, and their appointments mark an exciting new chapter in Shawbrook’s growth story.
“The wholesale market is currently underserved in the UK, and Shawbrook’s point of difference will focus on speed, efficiency and expertise.”
Kieran McSweeney, joint director of wholesale lending at Shawbrook Bank, said: “We believe there is a real gap in the wholesale market for a lender with market leading technical expertise combined with a very strong service proposition.
“In particular, we know that speed of execution and lack of flexibility in terms is an issue for many finance companies looking for credit.”
