BZ, the leading mid-market asset-based lending specialist, has named Jeremy Stagg as Director – ABL with immediate effect. The newly created role is instrumental to the business’s plans to significantly expand its portfolio. BZ offers structured ABL facilities up to a £150m hold level that provides working capital and corporate structuring solutions to mid-market businesses.
Jeremy brings two decades of experience to the role, having worked at GE, Landsbanki and Leumi ABL, where he was previously Director of Risk and Compliance. He has significant experience in building teams to manage portfolios in respect of private equity sponsored transactions, block discounting, back-to-back financing and syndicated deals. Jeremy holds a BSc Hons in Business Studies and Economics from Aberystwyth University.
Speaking about his new role, Jeremy Stagg commented: “I am delighted to be joining such a high calibre and respected team and that was a huge draw for me in joining BZ. It’s no secret that they are building the best-in-class team in the industry, and I look forward to being part of the next exciting phase of strong growth as the business continues to build its market share.”
He continued: “BZ has seen exceptional growth over the last couple of years due to its flexible and entrepreneurial approach. I can only see its offering become even more relevant to businesses as good deals fall out of the mainstream because of the recession, creating significant opportunities to grow the book safely and effectively.”
Kevin Yates, Managing Director at BZ, said: “Having known Jeremy for many years, he was a natural choice for this key role as Director – ABL and will be a core member of our team as we drive our strategy forward to create a market-leading proposition. He comes to BZ with a proven track record in senior leadership roles in ABL, spanning portfolio management and risk, and is highly respected in the industry.”