Aldermore has appointed Stephen Farrelly as head of relationship management in its Manchester office.

He will be responsible for overseeing invoice finance client relationships in the North, as well as continuing to develop the bank’s asset backed lending (ABL) proposition and capabilities.

Prior to joining Aldermore, Stephen Farrelly at ABN AMRO Commercial Finance for over 15 years where he headed up the northern operations team, covering both relationship management and operations. HE also previously worked in relationship management and business banking roles at RBS Invoice Finance and Lloyds Bank.

He reports into Ross McFarlane, commercial director, invoice finance, who said: “Stephen has been working in the invoice finance industry for around 20 years, and brings a vast wealth of experience covering both invoice finance and asset based lending to Aldermore. This experience will be invaluable as we continue to develop our offering to the UK’s SMEs.”

Farrelly added: “Aldermore is rapidly growing its market share of the invoice finance market, and I am excited about being able to supporting that growth in my new role.

“The bank’s flexible and customer-centric approach is what persuaded me to join, and my experience and contacts will allow me to help more businesses access the funding they need to grow.”