Dave Jones joins Reward Capital
Well known Yorkshire financier Dave Jones has become a partner at both Reward Capital and its recently launched sister business, Reward Commercial Finance.
Dave joined Cattles Invoice Finance, later acquired by Aldermore, in November 2002, after previous senior roles with Eurosales Finance and Yorkshire Bank. Over the past decade, he has become one of the region’s most active and respected experts in asset-based lending.
Reward partner Tom Flannery, said: “Dave’s many years’ of lending experience have given him a technical ability that few can match. This, combined with his extensive contact base, and the drive to get the right deals done fast, is exactly what we were looking for to take the Reward businesses to the next level.”
Dave, who qualified as a chartered banker more than 20 years ago, will focus on business generation, deal structuring and ongoing risk management. In Reward Capital, this will be through identifying businesses that require secured funding of up to £2m on a short-term basis where more flexibility is required than the high street banks can offer.
Dave commented: “I was impressed with the obvious appetite for lending that Reward showed in its first year. Its ethos of getting to know regional businesses well, quickly devising flexible deal platforms and lending packages, and making sensible but entrepreneurial in-house credit decisions, appealed greatly in this troubled lending climate. The value in clients and advisers being able to deal directly with decision makers, no matter what the deal size or complexity, cannot be underestimated.
“Already, we have seen great demand for lending both on transactional short-term deals offered by Reward Capital, and the longer-term ABL facilities that Tom is driving through the new commercial finance business. I expect us to see many significant deals done this year, with a number already lined up for completion early in 2012.”
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