Bank announces new senior appointment

14/12/2011

Clydesdale Bank has expanded its Corporate & Structured Finance (CSF) division in Scotland with the appointment of Michael Scott-Brown as Director of Acquisition Finance.

Based in Aberdeen, Michael will work alongside a team of financial specialists responsible for sourcing, structuring and completing transactions including management buyouts and acquisitions with firms across the region.

Clydesdale Bank’s Corporate Banking Team provides funding and banking services to meet the needs of larger private companies and PLCs.

An experienced corporate banker, Michael has extensive knowledge of corporate finance and general banking. Michael began his banking career at Ernst and Young in 1991 and in 2008 went on to work in the Structured Finance Team at the Royal Bank of Scotland.

He is a member of the institute of Chartered Accountants in Scotland (ICAS) where he qualified in 1995 after obtaining a BA in Business Management from Robert Gordon’s Institute of Technology.

Michael said: “I’m extremely pleased to be taking on this new role heading up Acquisition Finance in the North East. Over the past year, the corporate banking and acquisition finance teams at Clydesdale have been incredibly successful, and there has never been a better time to push forward the acquisition finance business in the north east region.”

Alan Hamilton, Area Director, Acquisition Finance for Clydesdale Bank, said:

"We're delighted to welcome Michael to our Aberdeen office and he brings with him extensive deal experience in the oil and gas market - a key business area for us in the North East.

“Michael’s appointment further underpins Clydesdale Bank’s commitment to the leveraged deal market in Aberdeen, where we anticipate continued merger and acquisition growth as overall confidence levels continue to rise in the sector.

“This appointment comes on the back of an excellent year for the Acquisition Finance team across Scotland where Clydesdale Bank has benefited from having a consistent approach and delivery. The fact that we have managed to maintain this even in the current economic environment reflects the quality of the service we provide and the focus we have on establishing and maintaining excellent client relationships."