New Challenger Bank Allica Bank Selects Richard Cameron as Head of Asset Finance 

Challenger bank Allica Bank has announced the appointment of Richard Cameron as Head of Asset Finance.

Allica Bank seeks to support SMEs. Starting with commercial mortgages, the company’s goal is to provide a full suite of banking services for the underserved SME community. Allica received a banking license in September 2019. Allica is backed by Warwick Capital Partners. 

According to a release from the bank, Cameron will be leading on the delivery of a “fully integrated Asset Finance proposition” that is said to e transparent, easy to access, and enables businesses to secure the finance they need. Cameron joins Allica Bank from RBS, where he was Head of Asset Finance Products and was responsible for their performance, design and development. He has almost 30 years’ experience in the financial services industry. Before RBS, he worked for Lombard, NatWest, and Lloyds Banking Group.

Cameron said that joining Allica Bank has provided a fantastic opportunity to help continue building a bank that values both local relationships and leveraging modern technology in order to be ultra-responsive to the needs of its customers.

“Our Asset Finance proposition, once launched, will work alongside Allica Bank’s existing proposition to small and medium businesses to expand our offering of expert banking for business Britain,” said Cameron. “We’re fortunate not to be confined by decades-old computer systems or lengthy product specifications. Real-time data feeds, paperless technology and the use of Open Banking will be central to Allica Bank’s service quality and allow us to deliver the tailored expertise, speed and simplicity that smaller businesses and brokers both ask for.”

Mark Stephens, CEO of Allica Bank, added:

“At Allica Bank, our core values are focused on being straightforward, acting with integrity and working collaboratively. In Richard, we are confident we have someone leading the development of our Asset Finance proposition who embodies these values, and who will work tirelessly to ensure that they are at the core of what we deliver to our customers and brokers.”


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