Lloyds TSB asset finance and Lloyds TSB commercial finance
LLOYDS TSB ASSET FINANCE AND LLOYDS TSB COMMERCIAL FINANCE REPORT TO ONE MANAGING DIRECTOR Lloyds TSB Asset Finance Division announced today that Ted Ettershank, managing director of Lloyds TSB Commercial Finance, has also been appointed as managing director of Lloyds TSB Asset Finance. Lloyds TSB Commercial Finance Limited is the UK's leading provider of asset based lending, which includes invoice discounting and factoring. The business already incorporates the brands Lloyds TSB Commercial Finance, Alex Lawrie Factors and CashFriday, which between them have approximately 20 per cent market share. Ettershank commented: "I am delighted to be appointed as the managing director of Asset Finance and feel that this is an excellent development for the teams and clients of both Lloyds TSB Commercial Finance and Asset Finance. As a combined force we will spearhead the drive into the SME marketplace. It reinforces our position as a market leader and we are all excited about growing the business and being involved in the marvellous opportunities ahead." John Davies, managing director of the Lloyds TSB Asset Finance Division said: "I am confident that by bringing these businesses together under one managing director, we will see the continued success of these two fundamental parts of the Lloyds TSB Group." - ends - Notes to editors attached. Further details: Helen Thompson Lloyds TSB Press Office Tel: 020 7367 1262 .../more LLOYDS TSB ASSET FINANCE AND LLOYDS TSB COMMERCIAL FINANCE REPORT TO ONE MANAGING DIRECTOR/...2 Notes to Editors · Lloyds TSB Asset Finance Division is a specialist in providing leasing, contract hire and hire purchase in the small to medium sized enterprise market. · ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2002/03/25/20020325BIT01160/wkr0001.doc http://www.waymaker.net/bitonline/2002/03/25/20020325BIT01160/wkr0002.pdf