Allica Bank has announced the internal appointment of Jonathan Prince as business relationship manager (BRM).

Prince joined Allica Bank in 2019 as the first member of the underwriting team where he helped to develop Allica Bank’s underwriting function from scratch.

In his new role, he will work directly with commercial finance brokers and business advisers on shaping potential cases and providing support to small and medium-sized businesses.

Allica Bank says it is particularly looking to leverage Jonathan’s extensive credit experience on the front line, using his underwriting expertise and insight to help businesses and brokers prepare deals from day one.

Prince has eight years’ underwriting experience working with challenger banks focused on helping small and medium-sized businesses to grow. Prior to joining Allica Bank, he held underwriting and credit positions at Redwood Bank, based in Hertfordshire, and Cambridge & Counties Bank.

Prince said: “At times like this, it’s more important than ever that small and medium-sized businesses have access to real lending expertise and get quick decisions from finance providers.

“I am looking forward to working directly with our broker partners and SMEs, and applying my technical knowledge to link customers up with the finance they need to thrive.”

Mark Stephens, CEO of Allica Bank, added: “We are really pleased to announce Jonathan’s new role at Allica Bank. His extensive underwriting expertise will be a huge asset for brokers and small and medium-sized businesses alike.”

“He played a pivotal part in developing Allica Bank’s underwriting function, and I have no doubt he will be just as successful working directly with customers in the field.”