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Lloyds Bank appoints new head of Trade Finance to support export plans of SMEs PDF Print E-mail
Friday, 29 May 2015

Lloyds Bank has appointed Paul Smith as its new head of Trade Finance to provide comprehensive support to small and medium sized businesses (SMEs) looking to accelerate their export plans.

Paul, who has worked for Lloyds Banking Group for more than 31 years, will lead a team of 18 international business managers across the UK that are supporting businesses with an annual turnover up to £25million through the different stages of their international growth strategy.
As part of Lloyds Bank’s SME Charter, the bank has pledged to increase its trade financing facilities by 25 per cent in 2015. Paul will drive this commitment as well as supporting an additional 5000 businesses to trade internationally over the next three years, bringing the total to 75,000.
Paul joins the Global Transactional Banking team after a spell as area director for Lloyds Bank Commercial Banking in the North West and as a senior manager role in the bank’s national Risk Management team.
He will report to John Robson, Director for SME Global Transactions Banking who said: “Businesses that are trading internationally rely on support from advisors to help them complete transactions in unfamiliar territories. Our expert team uses its understanding of global regulation and working practices to help small and medium sized businesses successfully expand into new markets.
“Paul has an impressive track record of delivering the right solutions to help businesses achieve their growth ambitions, and is well placed to lead the trade finance team to help open up international opportunities to UK firms and help them grow.”
Paul added: “Trading internationally is an important route to enable a business to secure new contracts and drive the long-term success of its business. We have a strong team in place to help firms across the UK deliver this growth.
“We understand that dealing with global customers can result in delayed payments, and the team is focused on providing the working capital facilities that ensure longer payment terms don’t have an impact on a business’ operations and ability to grow.”
Paul’s appointment further strengthens Lloyds Banks’ commitment to grow its Global Transaction Banking business, which provides payments, liquidity management, working capital and short-term financing to business clients, as well as core banking services to help clients grow, both domestically and internationally, through trade finance, cash management, invoice and asset finance.

(Source - Lloyds Bank Press Release)

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