Lloyds Bank Commercial Banking has bolstered its support for medium-sized businesses in the South Wales with the appointment of a new regional director.
Andrew Kemp joins the bank’s mid-markets team having previously led its acquisition finance loan management team in London. He brings with him more than 25 years of experience in corporate banking, including roles with European Investment Bank and BlackRock Solutions.
As area director, he will oversee a team of 10 relationship managers and directors and support businesses with a turnover of £25 million to £750 million a year, based across the South West and South Wales.
As part of its plans to help Britain prosper, Lloyds Bank is supporting businesses in South Wales with a package of products and initiatives.
The plans include a nationwide commitment to increasing net lending to SME and mid-market companies by £2billion during 2017, supporting 100,000 start-ups in 2017, and helping 25,000 businesses to export for the first time by 2020.
“I’m stepping in to a very strong team of people who genuinely care about growing businesses in the South West and Wales. My aim is to take that team to the next level and support the thriving local economy.
“In the immediate future, a lot of our customers will be looking at new challenges and opportunities as the UK negotiates its departure from the EU. We’re committed to proving tailored guidance and support to help businesses navigate the current economic landscape.”