Wyelands Bank strengthens working capital solutions team

Wyelands Bank, set up to help small and medium businesses, has appointed Kevin Sullivan as a relationship manager in its working capital solutions team.

Kevin will focus on growing Wyelands Bank’s asset-based lending offering, helping businesses access finance and unlock growth. His appointment is part of the bank’s strategy to help manufacturing and industrial businesses to trade and grow through the right combination of simple financial solutions.

Ian Flaxman, managing director, working capital solutions, said: “At Wyelands Bank, our starting point is always to get to know the business we are trying to help and the specific challenges it might face.

“With a strong track record in managing a portfolio of asset-based lending clients, Kevin’s appointment demonstrates our commitment to our customers. Kevin will help us continue to deliver innovative and high-quality financial solutions to small and medium businesses across the manufacturing supply chain.”

Kevin is responsible for managing a portfolio of clients and developing the team’s risk and relationship management capabilities. He is based in London.

Kevin said: “Wyelands Bank’s approach is innovative yet simple. It gives its customers direct access to decision makers to help businesses unlock growth. I’m looking forward to working with the team to continue this approach, develop our capabilities and help businesses access finance.”

Kevin joins from Nucleus Commercial Finance where he was a client director and focused on building the asset-based lending offer and growth of the business. He has significant portfolio management experience having been responsible for large and complex asset-based lending deals. Kevin previously held senior portfolio and risk management roles at Lloyds Bank Commercial Finance and RBS.