Allica Bank, a UK-based business bank, has appointed a former RBS and Lombard man to oversee the launch of the challenger’s asset finance proposition. 

Richard Cameron, who joins Allica as head of asset finance, was previously with RBS for over three years as head of asset finance products and was accountable for their performance, design and development. 

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Cameron has nearly 30 years’ experience in the financial services industry, holding positions with the UK’s top asset finance bank by value, including RBS-owned Lombard as well as with NatWest (RBS) and the Lloyds Banking Group. 

Cameron said: “Our asset finance proposition, once launched, will work alongside Allica Bank’s existing proposition to small and medium businesses to expand our offering of expert banking for business Britain. 

“We’re fortunate not to be confined by decades-old computer systems or lengthy product specifications. Real-time data feeds, paperless technology and the use of open banking will be central to Allica Bank’s service quality and allow us to deliver the tailored expertise, speed and simplicity that smaller businesses and brokers both ask for.” 

Mark Stephens, chief executive of Allica Bank said: “In Richard, we are confident we have someone leading the development of our asset finance proposition who embodies these values, and who will work tirelessly to ensure that they are at the core of what we deliver to our customers and brokers.”

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Allica Bank

Allica Bank, which was granted a banking licence in September 2019, has financial backing from London-based investment manager Warwick Capital Partners “focusing on European special situations”.

Warwick was founded in 2010 by Ian Burgess and Alfredo Mattera.