Skipton Business Finance (SBF) has appointed Ben Pittam as regional sales director for asset-based lending, with responsibility for expanding the firm’s presence across the Midlands and South.
The move comes as SBF continues to develop its newly launched Asset Based Lending Division, designed to provide flexible working capital solutions for UK SMEs.
Pittam brings more than 20 years of experience in finance and accountancy, having built a career in originating and structuring receivables and asset-based finance facilities for mid-market businesses.
He joins SBF from Cynergy Business Finance Limited, where he served as corporate sales director, sourcing new client opportunities through a network of introducers including accountants, corporate finance firms, investors and brokers.
Before joining Cynergy, Pittam spent over a decade at ABN AMRO Asset Based Finance N.V., progressing from business analyst to regional sales director.
“His earlier career included a role at Price Pearson in Dudley as audit and accounts senior, where he was responsible for assessing risk management and control frameworks across finance, compliance, HR and legal functions.
Commenting on his appointment, Pittam said: “I’m delighted to be joining Skipton Business Finance at such an exciting time in its growth journey.
“The launch of our Asset Based Lending Division provides us with a unique opportunity to broaden the range of solutions we can offer businesses, particularly in the Midlands and South where demand for flexible working capital solutions is high.
“I look forward to working closely with our introducer network and helping clients unlock the potential in their businesses.”
Matthew Shepherd, chief commercial officer at Skipton Business Finance, added: “We are thrilled to welcome Ben to the team.
“His extensive experience and network in the asset-based lending sector will be instrumental in driving the growth of our new division.
“The launch of our Asset Based Lending proposition will create growth in an area of the market which is seeing increasing demand and will broaden our share of wallet.
“Asset-based lending is used by businesses of all sizes and across most sectors of the economy, and Ben’s appointment ensures we are well placed to capitalise on this opportunity.”
