Five months after announcing its move into Scotland, Ultimate Finance has recruited four asset-based lenders to its Glasgow office.

Lynsey Innes, Euan Bell, Mandy Butler and Lisa Waldman have a combined experience of more than 60 years in the sector.

Waldman, Butler and Innes join Ultimate Finance from Aldermore Bank where they previously worked with Richard Waldman, who launched the new Glasgow office in February.

Waldman and Butler have been appointed into client facing and operational roles, while Innes has been appointed as regional director for sales.

Bell has been appointed regional director and joins as one of the few specialists in construction finance in Scotland. He was previously at Bibby Financial Services.

Waldman, head of Ultimate Finance Scotland, said: “When I launched the Glasgow office we said our aim was to build a strong presence in Scotland by recruiting the best people and that is exactly what we have done.

“All of them have an enormous amount of experience, are very well respected in the market and I know they will make an immediate impact.

“Without exception they have all said that they were attracted to Ultimate Finance because of our customer focussed approach and the flexibility we can offer SMEs who want to grow their businesses.

“With high street banks still showing a reluctance to lend, and recent research showing a growing demand for asset-based landing, the team is looking forward to helping to provide cashflow solutions to Scottish businesses which can only benefit to our economy.”

Pictured (L-R) Euan Bell, Lynsey Innes, Richard Waldman, Mandy Butler, Lisa Waldman.