Nucleus hires sales director to drive asset-based lending growth
Nucleus Commercial Finance has appointed Nigel Hibbert as sales director for its growth and acquisitions team to expand the fintech’s asset-based lending (ABL).
Hibbert, who has over 20 years’ experience within the financial and professional services industry, focusing on ABL and invoice finance, will lead the team to deliver the small- and medium-sized enterprise (SME) lender’s ABL growth.
Based in the London office, he will focus on funding complex ABL transactions with funding lines of £5m and above and will help drive the continued expansion of the growth and acquisitions strategy.
Prior to joining Nucleus, Hibbert was an asset-based lending sales director at Independent Growth Finance and relationship and development director at both Shawbrook Bank and BNP Paribas Commercial Finance UK.
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“Nigel is an incredibly strong addition to the team and his appointment is a sign of our commitment to growth,” said Chirag Shah, founder and chief executive of Nucleus Commercial Finance.
“Bolstering our specialist asset-based lending team, he brings significant experience from previous relationships management and senior growth development roles.
“We are hugely ambitious and committed to delivering solution-led finance to SMEs up and down the country. As UK businesses attempt to navigate the current environment, we want to be there beside them to help seize the opportunities that come their way.”
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“Nucleus has a unique approach to asset-based lending, with no red-tape, time delays or other barriers preventing businesses from accessing the finance they need to succeed,” said Hibbert.
“So long as there are sufficient assets and cover in place, we have the commercial flexibility to unlock support quickly – a real competitive edge in today’s market. I’m joining a hugely experienced and successful team, and I look forward to playing my part to achieve our ambitious goals.”