ASSET-based lender Davenham Trade Finance has appointed Peter Wilbraham as its new business development manager.

Previously based at the company's Manchester headquarters, Mr Wilbraham will be taking responsibility for increasing Davenham's future client base and professional intermediary contacts through-out Worcestershire.

Davenham sales and marketing director Clive Naylor said: "Having locally-based representatives like Peter will allow us to offer customers in Worcestershire the very best of service. For example, even things like arranging meetings at a time and a place convenient to our customers becomes much simpler.

"In addition, it allows us as a company to broaden our geographic reach effectively."

The Davenham group has 2,900 clients and provides loans of between £10,000 and £4.5 million.