Bank gives extra support to local businesses

By Gill Harris on December 18, 2018

Businesses in Wiltshire are being given extra support by HSBC UK, which, as part of its drive to support mid-market businesses across the region, has appointed Daniel Felton as Head of Corporate Banking for the South West and Wales.

Daniel will head a 110-strong team working with businesses with a turnover of between £7.5m and £350m. Based in Bristol, he will have four area directors reporting into him, including one for Wiltshire, Gloucestershire and Avon.

HSBC UK has seen encouraging signs of growth across the South West, with increasing demand for support with management buy-outs and acquisitions, pointing to rising confidence among businesses.

Daniel has been with HSBC for just over 12 years, after joining from ANZ and has undertaken a variety of roles, predominantly in corporate banking and across a number of markets including the UK, Asia-Pacific and the Middle East. He was most recently Head of Commercial Banking for HSBC in Oman.

He said: “The mid-market business community across the South West is thriving. The regional appetite for growth is infectious and we are seeing management teams confident about the future, though aware of the challenges that exist.

“HSBC UK’s investment in the business community ensures companies have on-the-ground support through Relationship Directors, who really understand both the local and international market, the opportunity at hand, as well as the challenges. We continue to invest across the region, which shows how committed we are to helping businesses in the region grow. I’m very excited to be joining the team at this key time.”

Daniel will report to Jane Galvin, HSBC UK Head of Corporate Banking, who said: “I’m pleased to welcome someone with Daniel’s experience to the team. The South West boasts some fabulous businesses across a diverse range of sectors and I’m confident Daniel has the experience and drive to help these companies grow and achieve their ambitions.” 

Pictured above: Daniel Felton