Walbrook Asset Finance has appointed board-member Michael Williams as its chairman.
In a statement, the company said he would drive forward the planned expansion of the company that now has £500m of financed assets under management.
Williams (pictured) is a qualified banker with a background in international banking and asset finance.
He is deputy chairman of BLME Holdings plc and has been chairman of BLME’s joint venture with Marubeni Komatsu since 2016.
Williams sees 2021 as a key growth period for Walbrook Asset Finance as businesses finance new assets to return to full operation, he says: “During the last 18 months Walbrook Asset Finance has seen its asset book grow substantially.
“Most importantly we have remained open and active throughout the pandemic, supporting clients and remaining able to deal swiftly with finance requirements”.
The company has offices in London and Manchester and specialises in providing lease financing to the transportation and logistics, construction, mining, manufacturing, plant, machinery, broadcasting and information technology sectors.
Walbrook Asset Finance is a wholly-owned subsidiary of BLME Holdings Plc, the holding company of BLME Group which is listed on the Dubai Nasdaq.
Walbrook was established to build upon the asset finance division of the Group and began trading in July 2019 using staff from its sister company BLME Bank. In the company’s strategic report, dated December 2019, Walsh said the company has implemented a new cloud-based system and by the end of the calendar year 2019 owned and managed assets of £506m.
The company’s business model is described as supporting over 2,300 UK customers funding critical business use assets across a range of business sectors including commercial fleet, broadcast, media and education. Walbrook aims to provide asset finance ranging in deal size from £25,000 to £20m for SMEs, mid to large corporates and the public sector.
The company’s chief executive is Brendan Walsh. Walsh is also a director of MKL Construction Equipment Finance.