Lombard has confirmed that it
intends to make cuts to its broker business, and also plans to
decrease the size of its own broker relationship team.
Andy Hart, managing director of Lombard’s
commercial and indirect business division, said that Lombard was
still “committed” to increasing lending to the SME sector during
2009.
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He added that the changes would “enable
Lombard to keep a significant presence in the market”.
Hart went on to say that Lombard had “reviewed
its extensive introducer network in the UK, and will continue to
support a substantial network of high quality introducers”.
Lombard Vehicle Management, meanwhile, is
undergoing significant investment in its broker business in
2009.
