Patrick Sherrington, the former head of corporate asset finance at Lloyds bank, has joined London-based leasing structured asset finance intermediary First Asset Finance as a director.

First Asset Finance said Sherrington will focus on product and market development as part of its plans to expand its residual value funding and asset management products to corporate and bank clients.

Simon Jones, director of First Asset Finance said: “We are pleased to welcome Patrick to our team. Martin Vodden and I have known Patrick for several years, and his wide industry knowledge from working at Lombard and Lloyds combined with his asset finance experience brings significant benefit to our business and our customers. “  

Patrick Sherrington said “I am delighted to be joining First Asset Finance at an exciting time in the Groups’ development.  With traditional lenders shrinking their product offerings, clients will have a real need for an independent expert such as FAF to deliver their asset financing requirements.

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By GlobalData