ARCHOVER has named banking veteran Nick Jones (pictured) as its regional director, to grow its network of borrowers across the Thames Valley and Chiltern areas.
The peer-to-peer business lender said on Tuesday that Jones will proactively identify businesses that have been trading for more than three years, have a turnover of more than £3m and are looking for credit to continue growing, to help deliver ArchOver’s aim to lend more than £60m by the end of the year.
Jones brings nearly 40 years’ experience in banking relationship management, most recently at NatWest and prior to that, at Royal Bank of Scotland Group.
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As part of his role at ArchOver, he will leverage a network of brokers, professionals and consultants to meet local businesses looking to access new credit facilities.
He joins an expanding team of regional representatives, with ArchOver now sourcing funding for businesses across London, the South East, the Midlands, the North and the Home Counties.
“Nick has built a career on deep and long-lasting relationships with customers, which are essential to build trust and add to our growing pool of borrowers,” said Angus Dent, chief executive of ArchOver.
“It’s important that ArchOver differentiates itself by offering real value and financial help to SMEs. This latest appointment will enable us to build a strong partnership that supports our current momentum and help more businesses achieve their goals.”
“I was attracted to ArchOver because of its mission to help support the growth of British businesses across the country,” said Jones.
“The finance world is changing and companies are looking for alternatives to the banks. With P2P lending taking a step forward, I’m excited to be joining ArchOver with a clear mandate to provide financial services that can be tailored to meet individual businesses’ needs.”