Dennis Watson has been announced as the new
head of asset finance at Barclay’s Corporate Bank.

Watson has taken over from Alex Brown and adds
asset finance to his range of responsibilities which already
include the bank’s real estate, project finance and mezzanine debt
origination teams.

The change of leadership comes as Barclays
reshapes the way asset finance is delivered to its corporate
banking clients. However, Watson said the restructure would not
affect the level of business Barclays does business in the asset
finance sector.

He said: “We are not changing our appetite for
asset finance, far from it, but what we are doing is bringing asset
finance alongside our other asset-backed and working capital debt
propositions, enhancing the client experience by
identifying needs earlier and supporting them with the
right capital structure from a wider range of

“In today’s uncertain world it is important
that a client’s debt needs are viewed in the round rather than on a
single asset or transaction basis”.

Watson praised his predecessor, who has moved
on to lead Barclay’s representation in education, local authorities
and social housing sectors, as having put the business on a solid
footing and said: “It is only through the efforts of him and his
team that asset finance has become such an important instrument in
the debt toolbox for Barclays.”