Aldermore has appointed Malcolm Workman as risk director of its asset finance business.

He is now responsible for all aspects of asset finance risk management, including ensuring the delivery of a fast and efficient sanctioning service, effective management of the loan portfolio and analysis of risk related management information.

Workman has more than 14 years experience developed in the asset finance industry gained in risk management, collections, operations and sales. He joins Aldermore from Siemens Financial Services (previously Schroder Leasing) where he was head of risk UK and latterly head of operations UK/Nordic.

“My role is to strengthen the strategic risk direction within Asset Finance through the further enhancement of its risk processes, service, policies and development of its people,” said Workman. “It’s an exciting challenge at an exciting time in the development of Aldermore Bank.”

George Ashworth, managing director of Aldermore Asset Finance, added: “I would like to welcome Malcolm on-board. His extensive experience will be a great asset to the business, as we continue to build our presence in the UK market.”