Shawbrook, the specialist UK savings, development finance, and bridging finance bank, has appointed a new director, Matt Fannon, to its Corporate Lending team. This is part of an extension of the bank’s presence across Leeds, Yorkshire and the North East.
Matt joins from Allied Irish Bank, where he has worked for the past ten years, focusing on Acquisition Finance, Leveraged Finance and Cash Flow Finance. He brings a wealth of experience with him, from over twenty years of experience in the banking sector in total.
In his new director role, Matt will focus on the delivery of the full Corporate Lending proposition, including asset-backed and leveraged finance solutions.
Matt Fannon said: “Having established a great reputation in the Corporate Lending arena, Shawbrook has a big part to play in providing flexible funding packages and debt structures in what is a very buoyant market. These factors – along with the bank’s flexibility and appetite to lend – were key drivers that attracted me to Shawbrook.”
Mark Parsons, Managing Director for Corporate Lending (Midlands, North & Scotland) at Shawbrook, said: “Matt joins the Corporate Lending team here at Shawbrook at an exciting time.
“During the first half of the year alone, the Corporate Lending team completed 30 transactions, providing £125m of new facilities to high-quality UK businesses in a range of sectors including precision manufacturing, professional services, technology, wealth management, training and education. Across Yorkshire and the North East, we’re working with great businesses like Hawthorn Timber, Glazerite and Carnaby Caravans.
“The advisor community in Leeds is particularly dynamic and very active right now, and with Matt’s experience and knowledge of the local market I’m looking forward to supporting many more businesses across the region.”
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Shawbrook recently agreed a £17m development loan to Burnham Waters Ltd. The project to be funded is the first phase of construction on a sustainable retirement village, in Burnham-on-Crouch, Essex.