Aldermore hires structured finance team

The team is led by Ian Flaxman, head of structured finance, who was previously at Credit Agricole Commercial Finance where he was strategic director.

Flaxman said: “There is no doubt that British firms are finding it increasingly difficult to secure finance from a single funding partner which will enable them to leverage the value of their balance sheets.

“Aldermore’s structured finance team will be developing an integrated asset-based lending solution for SMEs.”

Flaxman added that the bank would announce further deals about the proposition in 2012.

Ian Wilkins, group managing director of commercial finance at Aldermore, said: “The structured finance team will play a strategically important role in enabling Aldermore to deliver an end-to-end finance proposition for British businesses.

“I have no doubt that the team’s extensive experience will enable them make a significant impact and I wish them every success for the future.”