Burdale Financial Limited (“Burdale”), a member of Bank of Ireland Group and a leading player in the UK in Comprehensive Asset Based Lending, announced today, 2nd September 2008, changes to its’ management team to support continued growth of the business.
Dennis Levine, who originally founded Burdale in 1992, will step up from his current role as Chief Executive of Burdale to become Chairman of Burdale with effect from 1st October 2008.
A new Management Committee with key new leadership positions will be put in place. Steven Chait will be appointed Head of New Business and Nigel Hogg as Head of Portfolio Management, Designate. Steven has been at Burdale since 1992 and is currently Director, New Business and Nigel has been at Burdale since 1995 and is currently Director, New Business Credit and Special Projects. Jon Norton, Director Structured Finance will also join the Management Committee.
Steven, Nigel and David Grende who is Chief Executive of Burdale in the
Adrian Sainsbury commented: “Burdale has delivered excellent results since Bank of Ireland acquired the business in 2005. Dennis Levine has been instrumental to the success of Burdale since its’ inception and I am delighted to confirm his appointment as Chairman of Burdale. Steven Chait and Nigel Hogg have also been key players in delivering the Burdale growth story and their expertise and experience of the industry will be invaluable and ensure we are well placed to deliver on our ambitious strategy.”
