Assetz Capital has appointed five new relationship directors since the beginning of November as it approaches a £1bn lending milestone.

Lee Francis joins the London and South East team with 20 years’ experience in the corporate banking sector having held senior positions as relationship manager at Santander and Clydesdale Bank.

Paul King joins the team in the Midlands with 35 years’ experience in the finance and property sector. He has previously held senior positions at RBS and JLL Debt Advisory.

Tony Kear joins with 35 years’ experience in banking, previously holding senior positions at RBS and Barclays as regional head of healthcare and most recently corporate banking manager at Handelsbanken.

Lucie Martin will serve businesses across Scotland. She has previously held positions in firms in Australia like National Australia Bank, BNP Paribas and Westpac.

Jon Pike joins with 36 years’ experience in banking and was most recently the lead for healthcare in the west at Santander. He will be based in Exeter focusing on developing the business in the South West and on a wider stage as a member of the national care home team.

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The relationship directors will work with brokers and intermediaries to provide property developers with development finance, property investment finance commercial mortgages and bridging loans.

Stuart Law, chief executive of Assetz Capital said: “Our commitment to supporting SMEs and property developers in the UK in their quest for growth means that we have bolstered our team in order to meet demand. The appetite for growth capital is a positive sign for the local and national economy and shows businesses confidence is relatively high.

“As we are approaching our £1bn lending milestone, it is important that we have the best teams possible in order for firms to achieve their potential. I’m delighted to be welcoming Lee, Tony, Lucie, Jon and Paul to the team and with their impressive backgrounds and wealth of local knowledge, and I am excited to see the positive impact that they will have on their respective patches.”