Commercial vehicle specialist Asset Alliance Group has recruited finance specialist Matthew Board (pictured) to head up a newly launched team which will offer funding support for capital investments.

The company said its newly launched general asset finance division will be led by Board and will provide competitive and flexible finance packages for investment outside of vehicles to customers of all sizes.

Board comes to his new role after spending the previoust six years in business development at Amicus Asset Finance, following previous business and relationship management roles at Metro Bank and Lombard.

He is based at Asset Alliance Group’s base in Ringwood, Hampshire, and will report to Michael Bycroft, managing director of the asset funding division.

Board said: "There is a huge opportunity for us to help businesses – from SMEs to large corporates – and we can support every kind of capital investment. We have already achieved real success around tailored funding solutions for plant and specialised equipment. Now we can go further to support our customers for any asset funding that is required for them to succeed.”

Asset Alliance Group is owned by private and commercial bank Arbuthnot Latham & Co, which the company said enables it to handle more lower advances and larger transactions than other lenders.

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Board added: "We are also able to offer terms of up to 12 years depending on the assets type, which is longer than the industry average. This can help customers improve their cashflow, which in this economic climate can be key to sustaining and growing their businesses.

“With our extremely competitive rates and consultative personal approach we will be able to support our existing client base as well as look forward to building relationships with new customers.”

Board said Asset Alliance Group has built an" incredibly strong reputation" in the commercial vehicle and transport sectors, adding that he is "looking forward to taking that much wider.”

In addition to fleet operators and logistics companies, the team will also be targeting a wider number of sectors including the construction, manufacturing, engineering, agricultural, waste recycling, and pharmaceutical sectors.