BREAKING NEWS: Reward to enter Asset Finance market

Photograph: (Left to Right) Nick Smith and Robert Still

Leeds headquartered Reward Finance Group has today announced that it has recruited a team to enter the asset finance marketplace. The team will be headed up by Robert Still who will join Reward from Hampshire Trust Bank (HTB), where he has built their structured asset finance business in recent years.

Robert will be joined by two other colleagues from HTB, Richard O’Brien and Christopher Jamieson, and will operate from Reward’s London offices.

Reward will launch their asset finance business early next year, providing HP and Leasing facilities from £100k to £5m in the new and refinance market for SME’s.

Nick Smith, Group Managing Director for Reward Finance Group, commented; “Asset finance is a marketplace that the Board and the shareholders have been exploring for some time, and given our experience in SME lending we believe that we can make a significant impact by applying the Reward approach to this space.”

Robert Still, who will serve as Managing Director of Reward Asset Finance, added; “The specialist lending sector plays such a vital role in helping UK SME’s, now more than ever, and Reward is an outstanding player in that market. Nick and the Board have ambitious plans for the business, and I am thrilled to have the opportunity to build an exceptional asset finance business on the strong foundations that are already in place.”