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Lloyds appoints new business lending executive

Date Added: 10/01/2013  

Lloyds Banking Group has confirmed the appointment of Alasdair Gardner as its new regional managing director of commercial banking for Scotland.

Mr Gardner takes over the business lending role and overall responsibility for all of the company's small to medium-sized enterprise clients in Scotland.

He takes this position as well as his existing role leading the Scottish mid-market business, which supports firms with a turnover of up to £750 million.

Mr Gardner stated it is an exciting time to be working in the business lending sector and he is looking forward to helping companies all over Scotland.

"Lloyds Banking Group lent £1.8bn to Scottish businesses in the first nine months of last year and it is clear that confidence is slowly beginning to return to the economy," he said, adding: "I am looking forward to taking on this extended role as we seek to give businesses the confidence they need to grow and bring prosperity to the Scottish economy."

Mr Gardner will report to network director for commercial Tim Porter and Mark Stokes, managing director of mid markets.

It was noted by Mr Porter that Mr Gardner has a "comprehensive understanding of the Scottish business community" and added he is "delighted" he is taking on the additional responsibility.

Mr Stokes said the company is hoping the appointment of Mr Gardner to the role will help it to become the best bank for business customers in Scotland.

Data released by accountancy organisation KPMG earlier in the month showed the number of firms going out of business in Scotland was down in 2012 when compared to figures from the previous year.

Blair Nimmo, head of restructuring at the big four accountant in Scotland, told the Herald that the state of the economy means many firms will be cautious during 2013 despite the slight improvement in business conditions.

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Posted by Michael Beam

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