Hampshire Trust Bank (HTB) today announces the promotion of David Alcock as Managing Director of the bank’s Development Finance division.
David, who has served as Deputy Managing Director, Development Finance, for four years, succeeds Robert Grigg, who now assumes the role of divisional Executive Chairman. Both will report to the bank’s Chief Executive Officer, Matthew Wyles.
David is a Chartered Surveyor and an experienced property finance professional. Having started his career working in property advisory roles for firms including JLL and Allsop he joined HTB in 2014 as founding member of the Development Finance team.
Matthew Wyles said: “It is a tribute to Robert Grigg’s leadership and foresight that he has prepared David Alcock so thoroughly as his successor. David is one of the bank’s most capable senior executives and I am delighted to be the first to offer him my congratulations on his promotion.
“Robert will continue to support and mentor David and provide me and the Board with his wise counsel and advice. He will also participate in the ongoing development of the bank’s strategy, contribute to our management of risk and play an active role in looking after our largest development finance clients.”
David Alcock said: “I am excited to be taking on the leadership of the Development Finance business which remains an important component of HTB’s growth strategy. I am blessed with an excellent team and a very supportive Board. We have built a reputation for nurturing long term relationships with our borrowers and for consistently delivering on our commitments – I intend to maintain and develop that reputation.”
HTB’s Development Finance division offers creative and customised financing solutions to experienced property professionals across the UK, all centred on a traditional relationship-based approach to banking. Typical finance facilities range between £1m and £15m. For more information about Development Finance, please click here.