Close Brothers Commercial Finance, part of Close Brothers Group plc, has appointed Karl Jennings as Sales Director.
This new position will boost the existing team, enabling Close Brothers Commercial Finance to further expand their services to businesses throughout Ireland.
Karl brings with him over 12 years experience in the asset finance sector, having previously held positions at IIB Finance and GE Capital Solutions. His most recent role was in ecommerce for eBay and borderfree.com as an account manager.
Within Close Brothers, Karl will be responsible for generating new business across Leinster, working with SMEs to create uniquely structured, bespoke finance packages.
Karl said: “Businesses in the region are in real need of sustainable finance to support a multitude of objectives, including expansion and investment in new machinery and equipment. I’m thrilled with this new opportunity at Close Brothers and look forward to working in partnership with local firms.”
Head of Sales for Asset Finance, Adrian Madden, said: “Karl joins the team at a very exciting time. We are continuing to witness increasing demand for finance across Ireland and as our own research has indicated, more than a quarter of Irish firms expect their business to expand in the next 12 months.
“Restricted cash flow and access to finance are real barriers for nearly a third of SMEs and we are continuing to demonstrate our commitment to helping local businesses overcome these challenges with alternative finance options.”
Adrian will be presenting at the forthcoming Access to Finance summit on 22nd October at Chartered Accountants House, Dublin.
Close Brothers Commercial Finance is a leading independent provider of asset and invoice finance to both SMEs and large businesses, offering a range of products including hire purchase, operating lease and refinancing.