Lloyds Bank has strengthened its Global Transaction Banking business in Scotland and the North by appointing Gordon Forster as regional head of its new Trade and Working Capital team.
Mr Foster, who previously headed the Commercial Finance team supporting businesses with a turnover from £25m to £750m in the North and Scotland, will be responsible for delivering a range of working capital solutions designed to help the region’s mid-sized businesses to grow both domestically and internationally.
The move is part of Lloyds Bank’s strategy to continue growing its Global Transaction Banking business, which provides payments, liquidity management, working capital and short-term financing to business clients.
It also provides core banking services to help clients grow, both domestically and internationally, through trade finance, cash management, invoice and asset finance.
Mr Forster said: “This is all about ensuring we are putting our customers here in Yorkshire first in everything we do.
“Customers want to know that the people they are dealing with are local product specialists, but they also need to know that the solution being delivered is the best possible combination of those products for the unique challenges they face.
“As we get to know and understand our customers even more, we are better placed to identify the challenges they face and deliver the right expertise and products to solve them.”
Headed by mid markets managing director, Kash Ahmad, the Trade and Working Capital team will use the Bank’s existing specialist expertise in Trade Finance and Commercial Finance to provide end-to-end working capital solutions to help businesses prosper.
Mr Ahmad said: “Only by putting clients first in everything we do and by delivering what they want – holistic, innovative solutions that are bespoke for their needs – will we do that. We have been doing that for some time, but this new team gives us the platform we need to build on that even further.”