Secure Trust Bank Commercial Finance has promoted Richard Foote to the role of chief operating officer (COO).
Foote (pictured) steps into the newly elevated position after five years as regional managing director for London and the South East, where he played a central role in expanding the bank’s presence in the mid-market. During that time, he led several high-value transactions and became a key figure in building Secure Trust Bank Commercial Finance’s reputation.
His appointment follows the promotion of former COO James Hodkinson to managing director and the hiring of Carl Pykett as senior portfolio director. Together, the trio form a strengthened executive team tasked with driving the next phase of the lender’s development.
Foote will be responsible for scaling operational efficiency, supporting clients with their growth strategies, and enhancing service delivery. A particular focus will be placed on integrating artificial intelligence to streamline operations and improve the customer experience.
“This is a pivotal moment for the business,” said Foote. “Over the last 10 years, we have become a trusted partner to our clients and both the private equity and advisory communities. We are an established ABL lender in the market renowned for supporting our clients and unlocking value to find solutions in complex situations.”
He added that the company is well placed to capitalise on improved economic conditions after a period marked by pandemic-related disruption and broader geopolitical uncertainty.
Foote’s promotion reflects a broader strategy by Secure Trust Bank Commercial Finance to invest in senior talent and leadership capabilities. Hodkinson, who now leads the business as managing director, said the appointment reinforces the lender’s long-term commitment to its clients.
“Richard’s promotion reflects our ongoing commitment to investing in our leadership team, ensuring we have the right expertise to support our clients,” he said. “It’s been a great start to the year for STB and Richard’s deep sector expertise will be instrumental in driving forward our next phase of growth throughout 2025 and beyond.”
