White Oak Leases & Loans strengthens UK executive team
White Oak Leases & Loans has appointed Nick Isaacs as chief risk officer and Chris Heeley as chief credit officer, in order to strengthen its UK executive team.
The appointments point to the lender building on recent success, which has seen £315m in Coronavirus Business Interruption Loans Scheme (CBILS) loans provided to small and medium enterprises (SMEs) across the UK.
Isaacs will be responsible for the implementation and execution of lending strategies, as well as sharing oversight over credit policies.
He has previously held senior roles at multinational and fintech lenders, most recently as chief credit risk officer at Future Finance.
Heeley has been involved with White Oaks Leases & Loans since 1999, holding multiple roles across the credit function.
His new role will oversee the credit function including its lending division, external funder support and internal underwriters.
Isaacs said: “In the time I’ve been at White Oak I’ve been impressed with the quality of teams across the UK dedicated to providing fast solutions to businesses with as much flexibility as possible.
“It’s exciting to be a part of that as we look at the lending strategy for what remains a challenging period for the UK’s SME community.”
Heeley said: “I’ve been at White Oak for over 20 years and remain committed to delivering the support our clients need to thrive.
“In the past 12 months we’ve come up against the most significant challenges the sector has ever faced, and I’ve been proud of the team’s ability to respond to quickly to get support to clients.”
Andy Davies, managing director of White Oak Leases & Loans, said: “It’s great to be able to have both Nick and Chris in senior roles at White Oak and I’m confident that both will contribute to the bright future of the business.
“We are committed to supporting SMEs and trust is key to delivering that, which is what both appointments bring.”