27 January 2019 – Allica, the company building a SME bank with relationship managers, announces the appointment of Gareth Claxton as Senior Commercial Manager. He will be responsible for supporting owner occupier businesses and commercial investment property professionals.
Gareth joins from Redwood Bank, where he supported businesses as well as commercial and residential investors with their long-term property lending requirements. Prior to that Gareth held senior positions with Aldermore and Santander, managing the new business and portfolio management teams.
Launching this year, Allica aims to be a digital SME bank which will offer business customers a service that makes their business lives easier. Customers will be able to access a team of banking experts with extensive business finance experience, combined with an individual approach and the best of digital banking.
Mark Stephens, Chief Executive Officer, Allica said: "With more than three decades’ experience gained at leading high street and challenger banks, and with a reputation for demonstrating strong service culture behaviours, Gareth is a recognised name within the commercial broker market. Allica will offer a unique combination of business finance experts, attentive service and the best of digital banking. Gareth’s commercial mortgage lending expertise will be crucial in supporting our customers after launch."
Gareth Claxton, Senior Commercial Manager, Allica said: “Allica’s unique service is set to lead the way for SME banking and be a trusted partner as they grow. I am delighted to join the team bringing the Allica alternative to market and I’m looking forward to working closely with our customers, helping them structure and obtain lending solutions that specifically meet their objectives.”
Focused on the UK SME market and funded by SME and retail savings, Allica will ultimately serve businesses through working capital solutions and cash management, including loans, asset finance, savings and payment services. Allica will also address the UK retail market with a range of savings products.
Allica, formerly known as CivilisedBank, was granted a banking licence by the Bank of England in May 2017 and is in the process of building its infrastructure for launch. It released its banking licence in May 2018 to allow more time to develop its technology platform, and has reapplied for a new licence as it moves towards launch in 2019.
Allica will focus on the UK SME market and be funded by SME and retail savings. Allica will ultimately serve businesses through working capital solutions and cash management, including loans, asset finance, savings and payment services. The bank will also address the UK retail market with a range of savings products.
Allica aims to provide banking services to help build the success of businesses.