Specialist lender Cambridge & Counties Bank has appointed Andrew Arnold as a Relationship Manager in its Cardiff-based Property Finance Team. Andrew, who will report to Paul Howard, will focus on growing the bank’s property book across Cardiff and the surrounding South Wales region.
Before joining Cambridge & Counties Bank, Andrew worked for three years at HSBC, within the Commercial Banking Team, looking after around 80 SME clients with turnovers ranging from £2 million to £10 million. Prior to that, he worked at NatWest for 24 years, having started initially in the processing room in the Abergavenny Branch.
The south Wales property market has continued to grow across 2019, boosted in part by the removal of toll charges to use the Severn Bridge. As such, it has become more attractive to commute to work in Wales from cities such as Bristol (and vice versa). Cardiff, with its significant commuter belt has benefitted as a more attractive, convenient city in which to work.
Cambridge & Counties Bank specialises in secured lending and deposit products for small and medium sized businesses, with a strong property developer and investor client base. In March this year, the bank announced record results for FY 2018, with deposit and lending levels reaching all-time highs. Total assets rose above £1 billion for the first time to end the period at £1.03 billion, up 17% year on year.
Paul Howard, Regional Director at Cambridge & Counties Bank, said:
“We are delighted to welcome someone of Andrew’s experience to the Cardiff team. We see significant opportunities in the southern Wales region and are committed to growing our book of property loans among brokers, professional investors and SMEs through what we believe to be the most competitive service and product proposition in the market.”
Andrew Arnold, Relationship Manager, Cambridge & Counties Bank, said:
“I’m absolutely delighted to be joining Cambridge & Counties Bank, which has a great reputation in the property sector. The appointment has given me the opportunity to move into property finance, which is a fast-growing sector across South Wales.”