Daily News: July 10, 2015

RBS Invoice Finance Appoints New ABL Head in South UK

RBS Invoice Finance announced the appointment of Oliver Wilson as head of Asset Based Lending (ABL) for the South West & Wales region.

Oliver has been promoted from the position of business development director to the new position of head of ABL for the region. He will be responsible for driving and leading the RBS ABL proposition and working with SMEs and corporates to structure and deliver ABL facilities across the Southern region.

ABL has established itself as a mainstream lending solution and awareness is increasing around the benefits of this flexible debt structure. It enables businesses to borrow against the value of their trade receivables and inventory to finance the working capital they need as well as term loans against fixed assets. It is an increasingly popular option for businesses looking to finance growth as the loan is secured against the company’s existing assets, rather than reliant on future cash flows.

Oliver will be based in the bank’s Reading office but will also cover the Gatwick, Solent and Bristol areas. Oliver will lead a team of three business development directors. Justin Edwards continues in his role, Martin King has recently been promoted and we are delighted to welcome Richard Preston into the team. Lauren Couch will continue her key role in managing client relations, also reporting into Oliver.

Oliver Wilson Head of ABL South West and Wales at RBS Invoice Finance said: “This is an exciting time for the team as we are now in a position to focus on an integrated ABL offering across the Southern region. I am looking forward to meeting customers across the region and introducing the benefits of ABL.”

Kevin Haupert, RBS Invoice Finance added: “The expansion of the team and Oliver’s appointment demonstrates our appetite to grow our ABL book and work with SME and UK plcs. We are committed to promoting the benefits of ABL which being more widely recognized as an alternative funding solution to support growth. “