Shawbrook Bank’s business finance division has recruited Chris Richold to lead their specialist asset finance and sector finance team.

Richold joins Shawbrook with over 20 years’ experience in the asset finance industry and six years at a large financial institution leading the wholesale and specialist asset finance team.

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Before this, Richold was in charge of a ‘real asset’ investment business within a global banking division.

His wide range of experience covers new business origination, portfolio management and asset management.

At Shawbrook, Richold will work with established teams in specialist markets including marine and aviation, healthcare, agriculture, renewable energy and technology.

Neil Rudge, managing director for business finance at Shawbrook said: “I am delighted that Chris has joined the team. We have a well-established and very experience specialist finance teams here at Shawbrook and we are seeing the potential for further growth and developments in a number of markets right now.

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He added: “Chris will help us to leverage our expertise and market presence in these new sectors and to evolve our proposition to ensure more businesses get the specialist lending support they need.”

Chris Richold, managing director for specialist asset and sectors at Shawbrook said: “Having worked for large corporate banks for many years now, I was attracted to the dynamic environment and agility of Shawbrook.”

He added: “I am looking forward to working with each specialist team as we focus on the challenges and complexities of each sector and strive to meet the evolving needs of such a diverse group of customers.”