Redwood Bank has appointed a new business development manager (BDM).

Rob Thompson will be covering Bristol, the South West and Wales in his new role for the specialist business bank after a 12-year career at Lloyds Bank.

Redwood Bank, which this year reported its first profit and has just announced new fixed rates, is looking to strength the support it provides to customers and brokers in the region.

Leon Marklew, director of business development at the bank, said: “Rob has a fantastic track record from his time at Lloyds and we are delighted that he has joined us. He is ambitious and has the right attitude to make a real difference for Redwood in the South-west.

“It is so important for Redwood Bank to have the right people in place as we continue to grow, and Rob has demonstrated to us that he is a good fit and I have every confidence that he will build strong relationships with brokers.”

Thompson (pictured) said: “I’ve had the opportunity to work across personal and private banking with corporate and commercial. It’s a great way to understand the challenges of individuals and businesses.  

“With the economic challenges facing UK businesses, Redwood Bank is the perfect platform for me to be able to deliver effective and timely funding solutions.”