NatWest Group has announced that Paul Edwards has been appointed to lead the banking group’s business asset finance business, Lombard, together with specialist businesses providing working capital solutions.

Edwards has been at NatWest for 12 years and has held a number of roles in that time, most recently leading the bank’s commercial mid-market business in the south-west and Wales.

For Lombard he succeeds Ian Isaac, who is retiring after a decade as managing director at the end of September.

Andy Gray, managing director of commercial mid-market at NatWest Group, said: “Paul will play a crucial role in driving forward our growth plans, leveraging the significant £20 million investment we have made into our trade transformation programme and supporting customers to access solutions across transaction banking and invoice financing.

“With a background in a variety of sales and functional leadership roles, Paul brings a wealth of experience and skills to the role.”

Edwards said: “It’s a privilege to assume the role of managing director of Lombard and Specialist Businesses as I truly believe these businesses provide an essential service for our customers.

“By providing funds for the acquisition of key assets and ensuring the most effective use of working capital we are enabling customers to achieve their growth ambitions. I look forward to working to build on the exceptional progress made, so we can continue to deliver for our customers and stakeholders.”