Lombard boosts its technology finance division as IT finance hits £2.2 billion

Lombard Technology Services (LTS) is a dedicated team which provides UK businesses with not only funding for technology but a full cycle of support from purchase to disposal of these assets.   The new structure has been developed to facilitate growth as the business commits to support more UK businesses to invest in and manage new technology. LTS is introducing regional sales directors for London, the North and the South, plus a head of large corporate and a head of business support, all of whom report into Keith Nowland, head of sales at LTS (pictured above).

Nowland commented: “We wanted a strong leadership team to support our growth plan and we are confident that the new appointments provide the structure that we need to move forward and to support an expanding customer base.

“This team of industry experienced high level professionals will allow us to help both new and existing customers across the UK to manage their technology in the most efficient and cost effective way.”

The reinforced team sees Paul Smuts move to regional sales director for London, while Neil Atherton moves to regional sales director south and Mark Barrow joins the business as regional sales director north.

Andy Reid takes up the reins as head of large corporate and Karen Lyons moves into the head of business support role.

Commenting on the new structure, Duane Snelling, managing director of LTS says, “Lombard is committed to delivering technology funding solutions to UK businesses and the new team will enable us to expand our capacity, while allowing us to work more closely and effectively with our colleagues within Lombard, NatWest and the Royal Bank of Scotland. This will ensure that customers are aware of the wide range of products that we can provide from residual based lending through to our extensive managed services.”

Recent research carried out on behalf of Lombard showed that IT remains the most important investment for UK businesses, with nearly 70% investing in 2015 and a similar figure (67%) admitting that their business could benefit from new innovation in technology, with three in five companies saying it would improve their company’s efficiency.

Snelling concluded: “We know there is a growing demand for investment in technology. Our new team means that we are equipped to manage this and to support our customers’ funding needs and also to manage their assets effectively throughout their useful working life.”