Commercial News

SME lender White Oak announces two executive hires

Rozi Jones -
|
7th April 2021
peer to peer p2p people group
"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."

White Oak Leases & Loans has strengthened its executive team in the UK with the hires of a chief risk officer and chief credit officer.

Nick Isaacs has been hired as chief risk officer and is responsible for the implementation and execution of lending strategies as well as sharing oversight over credit policies. He brings over 20 years’ experience having held senior roles at multinational and fintech lenders, most recently as chief credit risk officer at Future Finance.

Chris Heeley is a White Oak Leases & Loans veteran having been involved in the business since 1999 and progressing through the ranks holding multiple roles across the credit function. Chris has been instrumental in the delivery of the CBILS programme and in his new role will oversee the credit function including its lending division, external funder support and internal underwriters.

White Oak recently announced that it had provided £315 million in CBILS loans to SMEs across the UK.

The lender has almost 200 UK-based professionals who have approved loans for SMEs and mid-sized corporates around country with 80% lent to SMEs outside of London.

Nick 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.”

Chris Heeley commented: “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, added: “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.”

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