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Aldermore appoints Head of Business Development for the South

POSTED: 5th October 2016
IN: Newsroom
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Aldermore, the specialist lender and savings bank, has announced the appointment of Stuart Baty as the Head of Business Development – South for its Invoice Finance division. As part of the Bank’s growing sales team based in Staines, Stuart will be responsible for supporting SMEs across the South who need access to funding to grow their business.

In his new role, Stuart will be reporting to Chris Meldrum, National Business Development Director for Aldermore Invoice Finance.

Stuart has over 15 years of experience in providing finance to SMEs. He joins Aldermore from Santander Corporate and Commercial Banking where he was a Director in the Invoice Finance team with a primary focus on asset-based lending in London.

Prior to this, Stuart was a Regional Sales Manager at Premium Credit where he led the Southern UK sales team, working with insurance brokers on insurance premium finance. After starting his career with the Sussex Chamber of Commerce Stuart spent nearly eight years with Lloyds Banking Group as a Sales Director, leading the London-based invoice finance and asset based lending team.

Stuart also holds a Master of Business Administration from Warwick Business School.

Commenting on his new role, Stuart Baty, Head of Business Development – South, Aldermore Invoice Finance, said: “Aldermore is a fast growing business that has been making real inroads into the UK SME finance arena, and I’m delighted to be able to be a part of that growth.

“During my years helping SMEs access the right funding solutions to grow their businesses, I’ve been able to develop a strong network of contacts. This will serve me well at Aldermore and I’m now reaching out to my contacts to grow the Bank’s operations in the South.”

Chris Meldrum, National Business Development Director, Aldermore Invoice Finance, said: “Stuart has a fantastic wealth of experience in business finance having worked closely with SMEs over the last 15 years. We’re very pleased to have Stuart on board, and we look forward to supporting him and his team to further developing our business in the South.”

**Ends**

For further information, journalists can contact:

Ian Burge, PR Manager
Phone:            020 3553 4292
Mobile:            07767 794956
Email:              ian.burge@aldermore.co.uk

Constanze Ullmann, Cicero Group
Phone:            020 7297 5978
Mobile:            07741 313 878
Email:             Constanze.ullmann@cicero-group.com

Notes to Editors:

Aldermore

Aldermore Group PLC is a specialist lender and savings bank offering straightforward products to Small and Medium-sized Enterprises (SMEs), homeowners, landlords and individuals, who we believe are often poorly- or under-served by the wider market.

Aldermore has no branch network but serves customers and intermediary partners online, by phone and face to face through its network of regional offices located around the UK.

Building on its core values of being reliable, expert, dynamic and straightforward, Aldermore aims to deliver banking as it should be.

Established in 2009, Aldermore has grown significantly. At the end of June 2016, lending to customers stood at £6.8 billion and customer deposits totalled £6.5 billion.

For more information, please visit www.aldermore.co.uk.

Aldermore Bank PLC is an operating entity of Aldermore Group PLC. In March 2015, Aldermore Group PLC’s shares (ALD.L) listed on the Main Market of the London Stock Exchange.

Aldermore Bank PLC is regulated by the Prudential Regulation Authority and the Financial Conduct Authority and is registered under the Financial Services Compensation Scheme.

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