LPM Outsourcing has rebranded as Five Arrows Outsourcing Solutions (FAOS) with a view to growing its business through acquisitions, according to a statement from the firm.

FAOS said it undertook the strategic decision to strengthen its brand connection to the other Five Arrows companies owned by parent company, the Rothschild Group.

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Madeleine Bowd, managing director of FAOS, said; "Our business plan includes our continued building upon the knowledge and expertise of LPMO, leveraging the support of the rest of the Five Arrows family of asset finance businesses and the reputation for excellence of the Rothschild Group.

"This creates significant benefits to our clients, with clearly recognisable branding and improved servicing capabilities".

The company has previously achieved certifications from the International Standards Organisation and was awarded an ‘Above Average’ servicer rating by Standard and Poor’s for its business process outsourcing services.

The statement said the company’s plans include strategic growth in both the UK and European markets.