George Ashworth, Managing Director of Aldermore Asset Finance, gave a talk entitled 'Successful Business in Difficult Times' to Aberystwyth students as part of the University's Distinguished Alumni lecture series.
Following his presentation, teams of students were invited to submit solutions to a business challenge set by George Ashworth and the winning team of Nathan Mears, Alexandra Gencheva, Xiang Li and Helen Froelich spent a day experiencing the real life challenges of running a business when they visited Aldermore Bank's Asset Finance Centre in Reading.
George Ashworth explains the benefits of forging closer links with a leading business school: "Organisations such as Aldermore can benefit from the cutting-edge research and expertise that is available within UK universities. We're also keen to tap-into the rich vein of talent being produced by such institutions - I have been really impressed by the quality of students I have met, who displayed an excellent understanding of business issues and of the current economic situation in which businesses find themselves."
Steve McGuire, Professor of Management and Director of the Centre for International Business and Public Policy at the Aberystwyth University School of Management and Business said: "Aberystwyth University is delighted to have forged links with one of the UK's new generation of banks. George Ashworth, a graduate of the University, has considerable knowledge and experience that he's willing to share with our students, which helps bring the theory of management to life.
"On average more than 70 students are chasing each graduate job opportunity in the UK and links with potential employers are therefore critically important to educational institutions."
Aldermore Bank is already planning to attend the university's employment fair in November and is also working on a joint project to develop advanced decisioning algorithms to enhance its lending systems.
Information about Aldermore can be found at www.aldermore.co.uk.
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Notes to Editors
Aldermore is a new British bank and one of the best capitalised banks in the UK. With backing provided by AnaCap and Morgan Stanley Alternative Investment Partners, Morgan Stanley's Private Equity Fund of Funds business and new investment from the consortium of funds managed by Goldman Sachs Asset Management, Honeywell Capital Management and the Ohio Public Employees Retirement System, Aldermore raises deposits from consumers and lends to homeowners and small and medium sized businesses.
As a British bank, Aldermore is regulated by the Financial Services Authority and is registered under the Financial Services Compensation Scheme, which means customers' savings are protected up to the statutory limit of £85,000 per person. Aldermore is also a member of the Council of Mortgage Lenders.
Aldermore markets its lending products via professional financial advisers and specialist commercial finance brokers located throughout England and Wales.
About AnaCap Financial Partners
Established in 2005, AnaCap is Europe's largest specialist private equity investment advisor in the financial services sector. Based in London and investing across Europe, AnaCap advises funds with more than €1 billion under management. AnaCap's funds invest in businesses with high growth potential and strong management teams. AnaCap works with management teams to improve infrastructure and business processes. It employs sophisticated, twenty-first century technology to create low cost, scalable, sustainable and highly digital based platforms. AnaCap's day-to-day support allows management to pursue growth strategies in the most efficient and effective manner.
AnaCap's team of professionals also assists investee companies in assessing and reducing key credit and market risks. This expertise in risk and liability management is a key factor in the strong performance of AnaCap's portfolio.
The success of AnaCap's investment strategy and team has attracted investment from highly regarded global institutional investors including Goldman Sachs, Allianz, Morgan Stanley Alternative Investment Partners, Honeywell, State of New Jersey and Adams Street Partners.