Hampshire Trust Bank appoints new MD to lead asset finance business as expansion into new specialisms continues

In his role as head of the asset finance business, Maycock will focus on enhancing both the broker and block discounting channels. This will involve continued investment in IT systems and broadening the bank’s proposition to the broker market, while exploring new opportunities to grow the asset finance business in line with Hampshire Trust Bank’s strategy.

The existing heads of broker and block discounting businesses will report to him.

Prior to joining Hampshire Trust Bank, Maycock was commercial director, asset finance, at Aldermore Bank. He previously fulfilled a number of roles at GE Capital.

Jon Maycock said: “I’m excited to join Hampshire Trust Bank at this stage of its growth journey. There is a wealth of opportunities that the team here are well positioned to capitalise on and I am looking forward to helping drive the asset finance business forward to the next phase of its development.”

Mark Sismey-Durrant, chief executive officer at Hampshire Trust Bank, added: “We have established a successful asset finance business and Jon’s appointment will help us take the next steps in terms of exploring new opportunities in the sector. Jon has extensive experience across many facets of the broker and block markets and is a welcome addition to the executive team.”

The news comes only one month after the appointment of Chris Forsyth as the bank’s chief operating officer (COO).

In his executive role, Forsyth has responsibility for technology, change management, human resources and the bank’s savings business.

Prior to joining, Forsyth held various roles within Investec, most recently as COO of the bank’s private client and corporate lending activities. He is a graduate of the University of Cape Town and a South African chartered accountant, having completed his professional training with EY (formerly Ernst & Young).

Talking last month about why he decided to join Hampshire Trust Bank, Chris Forsyth said: “Hampshire Trust Bank is at an exciting stage of its journey. The bank has already announced that it will be moving to new headquarters and is investing in specialist teams and systems to ensure it continues to provide an expert service to UK SMEs. I am looking forward to helping the bank achieve its growth goals.”

Sismey-Durrant added: “Chris is a welcome addition to our experienced executive team.

“Having achieved significant growth since the bank’s relaunch in 2014, we are now moving into the next phase of our development. We will continue to invest in our systems and our people to further strengthen our position as a specialist bank.”

Earlier Sismey-Durrant predicted: “The next 12 months will be dominated by global political events that could have a direct impact on UK markets. At the same time, the decision to leave the EU will play a part in increased economic uncertainty and could contribute to a slowdown in growth. Although the process of exiting the EU may take a while, in order to encourage business investment and boost business confidence, it is vital that the government share details as soon as possible. The longer businesses are left in the dark, the greater the impact could be.

“This is a time of tremendous opportunity but also unpredictability. As a specialist bank, we are committed to helping SMEs, the engine room of the UK economy, to secure the financing they need to grow.  In order to encourage SMEs to invest in their businesses in the year ahead, we need a context of increased certainty over the future political environment both in the UK and abroad.”