Secure Trust Bank hires Managing Director of Business Finance

Secure Trust Bank is pleased to announce the appointment of Luke Jooste as Managing Director, Business Finance. In this newly created role, Luke will be responsible for leading the bank’s proposition to business customers, including the Commercial Finance and Real Estate Finance businesses.

Luke has worked in financial services almost 30 years, and prior to taking up this role, he was the CEO of Momenta Finance, an alternative finance provider offering business loans, property finance and asset finance solutions to UK SMEs.

Luke previously held roles at Funding Circle as Head of UK Sales and Head of UK Property Finance, and also worked as Head of Property Finance and as Commerical Director for Barclays Business Bank.

“I am delighted to welcome Luke to Secure Trust Bank and look forward to working with him. With Luke on board, I believe that we have the right team and structure in place to help more customers as we strive to achieve our gross lending target of £4bn.

“We have created this role in response to our strategic objective to have a more efficient and cohesive structure, so that leaders within our business finance division can focus on engaging with their teams and supporting more customers.

“Luke’s expertise in real estate finance, credit risk, and sales team management will be instrumental as we unlock new opportunities for ambitious businesses and their investors.”

David McCreadie, CEO, Secure Trust Bank Group

Luke will spearhead Secure Trust Bank’s efforts to deliver innovative financial solutions tailored to the needs of UK businesses and will lead the team to capture further growth opportunities in the company’s large specialist markets.

“I am very excited to take up this new role and look forward to working with David and his team. Secure Trust Bank has a strong reputation for delivering innovative solutions to businesses, and I look forward to drawing on my experience in UK banking and speciality finance sectors to ensure that this continues.

“I am committed to driving growth, enhancing the experience our customers have, and expanding our product offerings so that our teams can support more customers than ever before.”

Luke Jooste, new Managing Director – Business Finance, Secure Trust Bank

Late last year, Secure Trust Bank provided a five-year, £10.5m investment loan to Student Tribe to refinance a portfolio of 50 student houses.