Midlands Asset Finance launches national vendor finance division

midlands asset finance new

Financial services broker, Midlands Asset Finance (MAF), has announced the appointment of four directors for the creation of its new national vendor finance division.

Heading the division up will be the newly appointed director and head of vendor finance UK, Stewart Good, who previously led the vendor division at Aldermore, and his team will consist of Steve Shuttleworth, James Pigrem and David Cowe.

Cowe joined MAF earlier this year after spending 14 years at Econocom Technology Finance, while Pigrem and Shuttleworth have also joined MAF from Aldermore’s vendor finance team, after previously working at Santander and GE Capital.

The appointments are the latest in a continued recruitment drive for MAF as the company has more than doubled its headcount to 36 in three years.

Dave Chapman, MAF director and head of business development, said: “[The appointments] tie in with our future growth strategy to open offices in the north and south as we grow our direct team on a national basis, too.

“The team brings a wealth of experience in the vendor arena, and we will be going to market with a unique offering to meet the needs of the vendors and their customers.”

Good said the team has many years’ industry experience and will be able to deliver a compelling and competitive offering for vendor partners.

He said: “Under the MAF model, the vendor team has access to multiple funding products and capabilities, which will then enable us to provide a suitable and flexible finance solution to our vendor partners and their customers.”