Gary will focus on corporate business

Mar 5 2008 by Peter McCusker, The Journal

A LEADING bank has appointed a new director for the North East to look after its corporate finance business. Gary Chapman, the new director for Lloyds TSB Corporate Markets in the North East, will focus specifically on corporate finance transactions.

Mike Mullaney, area director, for Lloyds TSB Corporate Markets said the appointment is the latest development in its strategic expansion and investment in the North East.

Mr Mullaney said: “We promised to grow Lloyds TSB for the region, and now we are delivering it.

“Gary’s appointment is a coup for the bank and a huge boon to the business community in the North East. And soon I will be able to announce further expansion to our team.”

Mr Chapman has more than a decade of corporate finance experience.

He joins Lloyds TSB from the London office of BDO Stoy Hayward where he was a director in their corporate finance lead advisory team. A qualified accountant he has worked with a number of leading businesses in the mid market, specialising in management buy-outs and business sales with a deal size up to £100m.

He has advised a wide range of entrepreneurs and private equity houses operating in a range of sectors including retail, healthcare, environmental, support services and financial.

Mr Chapman said: “This is an opportunity I couldn’t refuse – to work with successful businesses in one of the country’s most dynamic regional economies at the very time when Lloyds TSB is taking a leading role in promoting deals and supporting local growth.

“I’ve got great new colleagues here at the bank, and together we’re really going to make an impact, right across the patch.”

Mr Mullaney added, “Gary Chapman brings a wealth of experience managing deals both in the UK and abroad, from business sales and fund raisings for medium-sized businesses to establish- ing investment funds.

“His expertise will be really useful for management teams seeking to complete a management buyout or owner managers looking to dispose of all or part of their shareholdings.

“He is also highly experienced in company valuations and acquisition strategy and funding.

“Gary’s skills bring a real added dimension to our team and I am sure that he will be in demand right across the region.”