Secure Trust Bank Commercial Finance appoints Richard Foote as COO

Secure Trust Bank Commercial Finance (STB CF), the asset-based lending division of Secure Trust Bank, has announced the appointment of Richard Foote as its new Chief Operating Officer (COO), marking the latest move in a series of leadership changes at the growing lender.

Foote, previously regional managing director for London and the South East, steps into the role after five years with the company. During his tenure, he played a central role in STB CF’s expansion, overseeing a number of significant transactions and developing relationships with private equity firms and financial advisors.

His promotion follows a period of sustained growth for the business and the recent transition of former COO James Hodkinson to managing director. STB CF also recently appointed Carl Pykett as senior portfolio director.

In his new role, Foote will oversee operations across the UK, with a focus on increasing efficiency, advancing technological innovation, and enhancing client service. His remit includes exploring the use of artificial intelligence to streamline internal processes and improve the customer journey.

“I’m excited to step into this new role at such a pivotal moment for the business,” Foote said in a statement.

“My focuses will include ensuring we continue to deliver exceptional client experience whilst investing and leveraging technology to promote further growth and efficiencies.”

He added that despite recent global economic pressures, improving conditions offer a promising environment for both businesses and lenders.

James Hodkinson, now managing director of STB CF, welcomed the appointment: “Richard’s promotion reflects our ongoing commitment to investing in our leadership team, ensuring we have the right expertise to support our clients. It’s been a great start to the year for STB and Richard’sdeep sector expertise will be instrumental in driving forward our next phase of growth throughout 2025 and beyond.”

“As we continue to expand, our priority remains building trusted partnerships with businesses and investors, delivering the best possible outcomes on deals. I’m excited to see what Richard brings to his new role, integrating AI into our operations and elevating our customer satisfaction even further,” Hodkinson said.