Bank of Scotland creates leverage finance division

Bank of Scotland Corporate has merged its structured and acquisition finance teams in the UK and integrated its European leverage finance business to create a single leveraged finance business focussed on supporting chosen private equity sponsors on a pan-European basis.

Iain Purves, formerly head of acquisition finance, takes charge of the new business. He will be responsible for the business across Europe and for all sponsor relationships, ensuring consistent delivery of quality service and consistent approach.

Stephen Quinn, previously director of acquisition finance, has been appointed head of leveraged finance, Continental Europe with responsibility for the local coverage offices in Paris, Frankfurt, Madrid, Amsterdam and Stockholm.

The UK business is led by a team of four directors who will be each take responsibility for a London-based coverage team focusing on the sponsor community. Mark Bickford, Toby Walter, Adrian Walker and Chris Gow form the London based leadership team.