Challenger bank Aldermore has launched a dealer services team to provide dealers with stock, fleet and customer financing.
According to Aldermore, the new team will be looking to provide alternative deal structures, schemes and products to its dealer clients.
The team is led by Tim Biddle, who joined Aldermore two years ago from Siemens, where he supported the development of financing for manufacturers and dealers in the engineering industry.
The bank has also recruited Alan Yetts to the team from Volvo Financial Services. He has historically worked in providing finance for dealers and end-users of commercial vehicles, and will cover the east of England.
Ian Smith, formerly of HSBC and CNH Capital will cover the North, Brian Warbrick, who joined from BNP Paribas Leasing Solution, will cover the Midlands, and Russel Nicholls, who joined from CNH Capital, will look after the South West.
As a launch offer, Aldermore said is it offering a free ‘FCA health check’ to all its dealer customers.
Jon Maycock, ?sales director, Asset Finance at Aldermore, said: "Dealers are currently facing a variety of challenges. We have assembled a strong team of specialists who understand these challenges and are available to help dealers to navigate them. Alan is a great addition to the team and brings a wealth of industry experience.