Northridge Finance Announces New Head of Direct Channels

Northridge Finance Announces New Head of Direct Channels

Northridge Finance has announced the appointment of John McLaughlin as its new Head of Direct Channels. He will focus on the manufacturing, construction and transport sectors, and his new team will add to the existing motor intermediary channel. The company is a trading name of the NIIB, a financial institution that was established in Northern Ireland in 1956. In 1984, the Bank of Ireland acquired it. Northridge has been operating in Great Britain since 1999, specializing in direct and intermediary introduced finance.

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Bank of Ireland UK

Northridge Finance is part of the Bank of Ireland UK PLC, NIIB Group Limited. The company provides financial services to both private and business customers and supports the bank’s mission of becoming a leading partnership bank. Northridge Finance is a leading provider of intermediary introduced finance for the automotive, agricultural, commercial, and insurance industries. Its flexible and competitive payment components have helped it establish a reputation as an industry leader.

The Bank of Ireland UK has over 200 years of experience supporting UK customers and employs c.1,800 people in the UK. It operates through a UK subsidiary, Bank of Ireland (UK) plc, which is regulated by the Prudential Regulation Authority. It also has a financial services partnership with the Post Office and has launched a joint venture in foreign exchange. Its UK presence demonstrates its commitment to its customers.

The Bank of Ireland UK has reported an underlying profit before tax of PS50m for 2020. With around 2.5 million customers in the UK, the bank has a strong financial platform. Its main businesses include mortgages, car finance, and Marshall Leasing, a leasing company. Recently, it announced that it is closing more than half of its branches in Northern Ireland. It attributed the move to the increased demand for digital banking and a smaller, modernized branch network.

The Bank of Ireland Group has been active in Northern Ireland for almost 200 years. It is a full-service bank with 28 branch locations and a business centre that offers phone, online, and digital banking. It also offers asset finance through the Northridge Finance brand. The Northridge Finance brand provides car finance in Great Britain and Northern Ireland. For more information, visit their website. It’s worth visiting their website. So what are you waiting for? Get the financial assistance you need today!

Marshall Leasing

Marshall Leasing is an award-winning automotive leasing and fleet management provider. Part of the Marshall Group since 1979, Marshall Leasing has been regarded as a quality business in the industry. The leasing and fleet management industry continues to consolidate, but Marshall Leasing has been a trusted provider of automotive finance for over 30 years. And with the recent addition of SsangYong Motors to its portfolio, it’s set to continue growing.

Marshall Leasing was founded in Cambridge, England and is a contract hire and fleet management provider. The company was originally part of the Marshall of Cambridge group, and was then a subsidiary of Marshall Motor Holdings plc. In 2015, Marshall Leasing was acquired by NIIB Group Limited, a division of Bank of Ireland UK. In 2016, the company was rebranded as Northridge Finance. The company aims to remain agile and customer-focused in the fleet industry.

Direct Channels team

The Bank of Ireland UK asset finance business has made two new additions to its Direct Channels team. Ian Beattie has been appointed as Business Development Manager and Robert Brechin as Head of Direct Channels Sales. Both have extensive experience within the banking sector, having most recently worked in Santander’s corporate banking division, leading the development of the company’s business in the North of Scotland. As such, they will be leading the Direct Channels team in a range of industries.

As an integrated vehicle leasing business, Marshall Leasing has a fleet of more than 8000 vehicles and leases to some of the UK’s biggest blue-chip companies. The company has a proud history in fleet management and fleet finance and has won numerous industry awards, including Fleet News Leasing Company of the Year 2018.

Joint Venture offering

The Northridge Finance Joint Venture was created by James McGee 20 years ago and now accounts for 20% of new business lending in the UK. This unique finance solution helps motor dealers and brokers offer finance products to their customers. The joint venture offers fast decision-making, a range of products and a broader risk appetite than traditional lender models. This model is a win-win for the joint venture partners and consumers alike. In the last six years, acceptance rates have doubled, and the Joint Venture team has grown to employ 35 Field Sales Managers across the UK.

The joint venture was formed when Northridge Finance and Frontline Solutions, a provider of automotive finance and information technology, announced their partnership. The two companies said their alliance would create additional value for dealers. Northridge Finance and Frontline Solutions are also competing in the Independent Finance provider of the Year category of the UK Customer Experience Awards. To make the most of its joint venture offering, dealers should look for deals with a high net cash yield.

HFF’s Houston office represented the seller in this joint venture offering, led by Jeff Hollinden. The partnership included Cary Abod and Trent Agnew. The joint venture also involved Northridge Capital, a Washington-based investment firm with over $50 billion in assets. It has a track record of generating superior risk-adjusted returns for international high-net-worth investors. So, how does the Northridge Finance Joint Venture offering work?


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