Avamore Capital appoints chairman of the board

Eric was the previous CEO of Kleinwort Hambros Bank for 11 years and has a history on the board of directors for a number of companies, ranging from financial institutions to private equity backed, non-financial service businesses.

As chairman of Avamore, Eric will lead the board and provide guidance, inputting into a wide range of business matters, including strategy and corporate planning.

2022 saw the lender surpass £500m in total lending, with no impairments suffered, and Avamore now plans to become a £500m+ p.a. lender in the next five years.

Avamore Capital's CEO, D’mitri Zaprzala commented: “We are delighted to welcome Eric to the board. His experience will have a huge impact on the business and the appointment aligns with our on-going aims to accelerate our growth. Now, more than ever, strategic planning and careful management is critical and having the certainty that we are prioritising corporate governance of the business puts us in a good position to deliver on our ambitions in the years ahead.”

Eric Barnett added: “Avamore is at a really exciting stage in its development, and I appreciate being able to join them at this time. It is already one of the most dynamic non-banking lenders in the country and is now poised to move into the next phase of its expansion. I’m looking forward to working with the talented team at Avamore and having a hand in helping them achieve their long-term ambitions.”