Specialist business financier Absolute Invoice Finance has appointed Nick Smith as sales development director.

Smith, who has more than 17 years’ experience in commercial finance, joins The Aldermore-owned finance firm from Davenham Group, where he was business development manager for Yorkshire and the North East.

Prior to this, he held various management positions in trade finance and international banking during a 13-year spell at HBOS.

In his new role, Smith will work with Absolute’s senior management team and regional sales teams to develop and improve the firm’s sales infrastructure, incorporating account internal processes, performance management, targeting and pricing.

Smith said: “Absolute has an outstanding reputation and holds an increasingly strong market position following its acquisition by Aldermore. The company has highly ambitious growth targets