Borro, the personal asset lender, has announced the appointment of David Hardy as business development director.

Hardy has over 25 years’ experience in private banking and will be responsible for developing business links with banks, solicitors, accountants and financial advisers.

Claire Gates, managing director of Borro, said: “We are delighted to welcome David to Borro. Our growing product portfolio of services is particularly suited to the professional adviser with clients looking to raise capital quickly secured against personal assets.

“Our challenge is to ensure that advisers have a full understanding of what we do and how the Borro service can finds a place in the services they offer. David Hardy has a wealth of experience in this particular market segment and we are already seeing a positive result in the short time he has been with us.”

Hardy added: “The Borro proposition offers a very simple but effective solution to many of the immediate funding problems which professional advisers face every day. Not only can clients raise money for a short term loan against a range of personal assets, but we can also provide immediate finance against a future sale at auction or even buy assets outright.

“In all cases, clients are assured of a personal, discreet service enabling them to meet the financial needs of the day with the minimum of fuss and paperwork.”