Ultimate Asset Finance has announced the appointment of two regional directors.

Michael Thompson (pictured, left) has previously acted as a lender and broker. He began his career in asset finance with State Securities before working for a number of brokerages, prior to establishing his own private independent leasing company.

Peter Walters (pictured, right) has spent more than 30 years with financial institutions. During his career he has developed relationships with brokers and intermediaries, as well as SMEs he has helped finance over the years.

The pair of them will be strengthening existing relationships with clients and developing new business across London, the Home Counties and the South East.

Andrew Ribbins of Ultimate Asset Finance said: “As we announced in November, we have moved to new premises to accommodate our ambitious expansion plans, which includes the continued recruitment of experienced sales people and support staff.

“We are already seeing the results of this strategy, as we have just signed off our most successful quarter to date with a 250% increase in funds advanced compared to the same time last year.

“We are therefore delighted to have attracted the calibre of Michael and Peter to the company. With their experience and networks they will be excellent additions to an already strong and reputable team and help to grow our presence in the South.”

“I was attracted to the Ultimate Finance Group as it is a progressive and extremely customer orientated company and its profile and reputation is growing rapidly within the asset finance sector,” said Walters.

“The asset finance division is going from strength to strength, which has been helped by the increase in the lending limit to £1m per customer following the Group’s takeover by Tavistock,” he added.

Thompson said: “With ambitious plans for the future, including a move into lease funding, it is a great time to be joining the company.”