Aldermore appoints Tim Boag as interim business finance managing director

Boag said: “With over 10 years in business, Aldermore has demonstrated that there is a real need for a specialist bank to help fill the gap in lending to small and medium sized businesses. It has a clear track record of growth and has continued to innovate to meet the changing needs of customers.”

His previous roles include director positions with Royal Bank of Scotland and the Business Growth Fund.

James Mack, chief financial officer at Aldermore, said: “I am delighted that Tim is joining Aldermore. His extensive industry experience means he is ideally placed to fulfil our ambitions of becoming the first choice for businesses that need funding to help them grow.

“Our success is underpinned by our people and I’m sure Tim will be a great asset to Aldermore and our customers.”

Aldermore provides finance solutions to SMEs, homeowners, landlords and individuals, with customer lending in 2018 reaching £9.4 billion.