Secure Trust Bank is expanding its Real Estate finance division, after advancing over £135m of funds to customers last year, and has appointed Kevin Venn as Managing Director to roll out its growth strategy across the UK.
Following its successful start in London and the South East, Venn will spearhead the business as it targets expansion into the North, Midlands and the rest of the South of England, providing a comprehensive UK-wide service. Venn brings more than 32 years’ experience in banking, 15 years’ of which he has specialised in real estate finance, with senior roles at RBS and NatWest.
Secure Trust Bank Real Estate Finance provides funding for both residential and commercial property development, and property investment portfolios.
Secure Trust Bank is one of the UK’s leading challenger banks, which was incorporated in 1954. Its core business is the provision of banking services, including a range of lending solutions and savings products. AIM listed, it has been a subsidiary of the Arbuthnot Banking Group since 1985.
Paul Marston, Managing Director of Secure Trust Bank Business and Commercial, said: “Our Real Estate Finance business has seen significant interest since its launch last year. Customers value our ability to provide funding quickly and efficiently and being part of a leading challenger bank brings associated benefits.
He continued: “The market continues to perform well, and we expect demand to continue to increase over the coming months given the strength of our offering and the huge expertise within the team. We are extremely pleased to have Kevin on board as Managing Director – he brings significant knowledge to the role, and will be instrumental in growing the business during the coming months.”
Kevin Venn, Managing Director of Secure Trust Bank Real Estate Finance, said: “It’s an exciting time for Secure Trust Bank Real Estate Finance – there is huge opportunity in the real estate sector. Developments throughout the UK are seeking funding, plus we are also looking to support professional landlords on the residential side.
“We have the ability to provide customers with a great service, and I am confident that demand will continue to increase as a result.”