Allica Bank hires three new BDMs and increases maximum loan size

The appointments coincide with a decision to further increase its commercial mortgage maximum loan size from £3 million to £5 million following feedback and requests from brokers. Allica’s maximum asset finance loan has also been increased from £250,000 to £500,000.

Having been in the banking and finance sector for 14 years, Arshad Miah joins Allica to manage its asset finance broker relationships in the Midlands and East Anglia regions.

He said: “As a technology-driven, but also relationship-focused SME bank, Allica is re-defining the future of banking for businesses and for brokers.

“Asset Finance is an invaluable offering to SMEs, enabling them to acquire business critical assets whilst spreading the cost over a fixed term – it helps them to grow, expand and stay ahead of their competition. The Government’s recent super deduction tax break announcement makes this form of finance further appealing to SMEs – allowing them to protect profits when investing in their business’ assets.”

Ben Green has worked with SMEs for the last seven years, both in banking roles and as a broker. He will be focused on supporting commercial mortgage brokers and their clients in the West Midlands. Ben said: “Speed, honesty and communication are key. I look forward to building strong relationships with Allica’s existing broker network as well as bringing new relationships into play.”

Allica’s new Central BDM, Sam Roberts, will be focused on building an active and engaged panel of brokers in the asset finance market.

Sam commented: “I joined Allica because I was excited by the challenge of building its asset finance division. Also, I really believe in the brand and its drive to support SMEs, and have been impressed by how well it performed during the pandemic.”

Nick Baker, managing director of intermediaries at Allica Bank, added: “Arshad, Ben and Sam have the experience and understanding to know what solutions and approaches make brokers’ lives easier. I’m delighted to welcome them to our fast-growing team.

“Our recent quarterly broker survey showed this is what our broker panel wanted. I am pleased that, thanks to the fantastic support of our broker panel in helping us to grow our loan book, we were able to deliver and will hopefully be able to support even more of their clients.”