UK Finance Appoints Amicus CEO To High Profile Board
Amicus Finance PLC ("Amicus"), a leading specialist financial services group, today announces that John Jenkins, CEO of Amicus has been appointed to the Board of UK Finance, a newly formed, high profile industry body representing banks and financial services institutions in the UK.
UK Finance is led by CEO Stephen Jones and will integrate the mandates, skills, staff and members of six trade associations: The Asset Based Finance Association (ABFA), British Bankers' Association (BBA), Council of Mortgage Lenders (CML), Financial Fraud Action UK (FFA UK), Payments UK and the UK Cards Association (UKCA).
John Jenkins will join the Board to represent specialists across the Asset Based Lending sector. Some of the other representatives include: Ashok Vaswani, CEO at Barclays UK; Ian Stuart, CEO at HSBC UK; Peter Hill, CEO at Leeds Building Society; Joe Garner, CEO at Nationwide Building Society; James Bardrick, UK CEO at Citigroup; Joanna Elson OBE, CEO at Money Advice Trust and Ron Kalifa, Vice Chairman and Executive Director at Worldpay.
John Jenkins, CEO at Amicus, said:
The establishment of UK Finance will see increased representation for a range of sectors across the UK financial services industry and I am delighted to be the representative voice for the Asset Based Lending sector, a specialist area that I know well and one that is going from strength to strength. I am confident that together the Board of UK Finance will drive a positive forward looking agenda that highlights the industry's vital contribution to making a post-Brexit UK work for consumers, SMEs and industry.
Bob Wigley, Chair of UK Finance, said:
This high profile Board has been created to ensure that the interests of all our members are fairly represented and we really focus on the issues that not only our members but also their customers and broader society think are important. I look forward to working with the Board and Stephen Jones to enhance the development of a vibrant, diverse and competitive financial services sector in the UK which consumers value and trust.
John Jenkins joined Amicus in 2014 to build and grow the specialist lender and lead it through the bank authorisation process. Amicus has had a strong year and it has further expanded its customer base among brokers, SMEs, professional landlords and developers seeking specialist finance solutions. As part of its growth journey, the firm has expanded its regional presence with the opening of an office in Manchester last year. Subject to authorisation, Amicus also anticipates receiving its banking licence this year which will enable it to fulfil its long term growth objectives by accessing an alternative and efficient source of funding.
Amicus has seen consistently strong funding from the Omni Secured Lending (OSL) Funds. Vintages I, II and III have provided more than £500m of institutional third-party funding to the business. During January and February 2017 alone Vintage III raised more than £200m of new institutional capital, which is being actively deployed to fund new lending activity.