Despite missing out on a job in the
newly created asset finance arm of Lloyds Banking Group, many of
Bank of Scotland’s (BoS) top leasing personnel have found success

One company, Premier Asset Finance Ltd, is
looking to take on new staff, after a successful start in the
leasing business.

Founded by Mark Ripley and Kevin Davidson,
former directors of Bank of Scotland’s asset finance operation,
Premier operates across the whole of the UK from its headquarters
in Edinburgh.

Having opened its doors with a sales staff of
one in July 2008, the introducer now employs 12 ex-BoS personnel,
with an average experience of 15 years. By 2011, Premier wants to
reach every conurbation in the UK through its 18 staff.

Ripley said Premier’s business strategy is
based on his team’s relationship management experience, with sales
staff in the field conducting face-to-face meetings with customers
whenever possible.

In early 2009, another new asset finance
business called T&L Leasing Ltd (T&L) was also founded by
former BoS staff.

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The Chester-based business, which specialises
in funding transport and logistics assets, went into business with
a panel of 14 funders.

“[Bank of Scotland] had a number of highly
profitable niche businesses that were closed because of the wider
group funding problems that existed,” said Phil Snewin, one of the
company’s founders and directors.

“We approached a number of European and Middle
Eastern banks and were genuinely surprised by their willingness to
get involved and help plug the gap in the market,” he added.

The three-man team at T&L is made up of
Phil Snewin, a 25-year BoS veteran who was formerly head of
transport and logistics at the bank; Paul Lewis, formerly head of
commercial vehicles at BoS; and Darren Hallmark, who was also part
of the transport team at BoS,
as senior national accounts manager.

Fred Crawley