Midlands Asset Finance launches vendor finance division

The broker has appointed four directors to lead the new proposition including Stewart Good, who previously led the vendor division at Aldermore.
His team will consist of Steve Shuttleworth, James Pigrem and David Cowe.

David joined MAF earlier this year after spending 14 years at Econocom Technology Finance, whilst James and Steve have also joined MAF from Aldermore’s vendor finance team.

Dave Chapman, director at MAF, said: “I am delighted to welcome Stewart and his new team to MAF to launch our national vendor finance division.

“This ties in with our future growth strategy to open offices in the north and south as we grow our direct team on a national basis, too.

“The team brings a wealth of experience in the vendor arena, and we will be going to market with a unique offering to meet the needs of the vendors and their customers.”

Stewart added: “I am delighted to have joined MAF to head up their national vendor finance division.

“We have created a team with many years’ industry experience who will be able to deliver a compelling and competitive offering for our vendor partners.
 
“Under the MAF model, the vendor team has access to multiple funding products and capabilities, which will then enable us to provide a suitable and flexible finance solution to our vendor partners and their customers.”