NatWest Group has selected Paul Edwards to manage the bank’s asset finance company, Lombard, as well as specialist businesses that provide working capital solutions.
During his 12 years at NatWest, Edwards has occupied several positions, the most recent of which was managing the bank’s commercial mid-market operations in Wales and the South West.
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Ian Isaac, who will step down as managing director at the end of September after ten years in the role, is replaced by him at Lombard.
Andy Gray, managing director of Commercial Mid-Market at NatWest Group, shared: “I’m delighted to appoint Paul Edwards to lead Lombard and Specialist Businesses. Paul will play a crucial role in driving forward our growth plans, leveraging the significant £20m investment we have made into our Trade transformation programme and supporting customers to access solutions across transaction banking and invoice financing. With a background in a variety of sales and functional leadership roles, Paul brings a wealth of experience and skills to the role.”
“Lombard has gone from strength to strength in the past decade, nearly doubling its balance sheet to £15bn and securing consistently high levels of customer satisfaction. Ian has shown true passion for the sector and has been integral to Lombard’s success – for this I thank him and wish him well in his retirement.”
Edwards added: “It’s a privilege to assume the role of Managing Director of Lombard and Specialist Businesses as I truly believe these businesses provide an essential service for our customers. By providing funds for the acquisition of key assets and ensuring the most effective use of working capital we are enabling customers to achieve their growth ambitions. I look forward to working to build on the exceptional progress made, so we can continue to deliver for our customers and stakeholders.”
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By GlobalDataFurthermore, NatWest Group has released its H1 2024 results earlier last month and revealed it has purchased £2.5bn ($3.2bn) of UK prime residential mortgages from Metro Bank.
The bank admitted that it spent £24m on its public share offering in 2024.
