Lloyds Bank Business & Commercial Banking has strengthened its Specialist Client Solutions team with the appointment of Tim Biddle as head of invoice finance and asset finance field sales.
TIM will be responsible for helping to shape the execution of Lloyds Bank’s Invoice Finance & Asset Finance sales strategy, and will lead its UK-wide team as they deliver invoice and asset finance products that enable firms to drive growth by quickly freeing-up working capital and funding new business-critical assets.
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He joins from Paragon Bank, where he served as commercial director for SME lending, responsible for strategic initiatives including new product development and growth in new markets.
Prior to this, he was Paragon’s asset finance sales director, leading the bank’s broker, aviation receivables and invoice finance sales teams nationwide. He has previously held senior asset finance and invoice finance roles at Aldermore Bank and Siemens Financial Services.
In his new role, Tim will report to Ben Stephenson, managing director and head of specialist client solutions, Lloyds Bank Business & Commercial Banking, and be based in London.
Stephenson said: “Our clients are working hard to balance considerations such as high inflation and supply chain disruption with the numerous growth opportunities available. They need a financial partner who can provide specialist support and access to a full suite of financial solutions when they need it most, quickly, and conveniently.
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By GlobalData“We’re committed to delivering this type of backing through the expert consultancy of our team across the UK. Tim’s depth of experience and breadth of perspective will help ensure we’re continuing to improve the service we offer businesses as they address working capital challenges. I’m excited to welcome him to the team.”
Biddle added: “What attracted me to Lloyds Bank was its laser-like focus on innovation, as well as its clear mission to help British businesses to prosper.
“Its team are constantly looking to draw on the insight of colleagues and partners so businesses can readily access tailored invoice and asset finance facilities. I’m looking forward to bringing my experience to bear in helping shape our future strategy, so we can continue to deliver solutions that make a real difference to our clients’ operations.”
Lloyds Bank has continued to invest in new partnerships to unlock new innovation in its working capital products.
In 2022, it unveiled a new partnership with fintech Satago to deliver the first end-to-end digital single invoice finance and whole-book invoice factoring solution on a single platform offered by any UK bank.
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