Smith will be responsible for a team of financial professionals who provide SMEs throughout the north of England with a range of services designed to unlock the value of unpaid invoices.
Smith joined Aldermore in May 2010 as sales development director; he was previously a business development manager for the Davenham Group.
Smith said: “Having worked within Aldermore invoice finance for more than 18 months, I’ve got a really clear understanding of what differentiates this business from its competitors and I’m looking forward to using that knowledge to further strengthen the bank’s presence in Yorkshire and the North of England.”
Damon Walford, managing director of Aldermore invoice finance, said: “I’m delighted that Nick has taken responsibility for our Yorkshire office. He has considerable experience that he can bring to bear and I have no doubt that he will be able to make an immediate impact.”
