Clydesdale boosts CSF team in south of England

Clydesdale Bank has expanded its Corporate & Structured Finance team in the south of England with two key new appointments.

Tim Cussins and Catriona Murdoch are joining as associate directors to further drive the expansion of corporate banking within Clydesdale’s Corporate & Structured Finance team and further consolidate the bank’s position in the acquisition finance mid market. Both have considerable experience in the corporate and acquisition finance arena.

Tim previously held a similar position with the bank’s sister company, National Australia Bank, where he was part of the acquisition finance and leverage team. During that time he worked on deals including the £11bn acquisition of Alliance Boots by KKR and the acquisition of Merlin Entertainments by Blackstone Capital Partners.

Catriona joins from Bank of Scotland where she worked in a variety of roles, initially as part of a team providing both debt and equity funding for management buy-outs and most recently within the restructuring team providing solutions for businesses in distress.

Recent deals completed by Clydesdale’s Corporate & Structured Finance team in the south include the £120m refinancing of healthcare IT business iSOFT Group, the £40m refinancing of Western Power Distribution (South West) plc and the refinancing of Lloyd’s broker, Windsor Ltd.

Andrew Merrifield, regional director for Corporate & Structured Finance in the south, said: “With Clydesdale steadfastly remaining open for business during the downturn it has significantly boosted the bank’s standing amongst businesses in London and the South East. Having established ourselves as a key player in mid-market acquisition finance, we are now also becoming known in the corporate arena. These two latest appointments will help us drive forward our business and further expand our growing list of corporate clients.”