Following a management buy-out, Jersey’s newest loan company opens for business on 1st November. Reto Finance is the new brand for the business in a deal which has been supported by leading private equity investor Quilam Capital. Reto, which means ‘challenge’ in Spanish, has exciting plans to shake-up the local lending market while continuing to operate the existing and successful business.

Since opening in 2016, Shawbrook International has become a significant finance provider for both personal and business customers. While successful, however, the local management team identified opportunities to take the business further through separation from its UK owners. Negotiations recently came to fruition, allowing Reto Finance to step forward.

‘The relationship with Shawbrook lent a powerful platform upon which to build the business,’ explains Adam Dawson, who remains CEO of the new company, ‘but we believe there’s now an opportunity to become more tailored to local needs. Under the new arrangements, we can more fully create the products and services demanded by Channel Islands customers. Being part of Shawbrook allowed us to challenge the local lending market. As Reto, the challenge now is simply how far our ambition can take us.’

Operating from its existing Conway Street premises in Jersey and Smith Street in Guernsey, Reto plans to continue offering a wide range of loan products for both personal and business customers. The opportunity presented by the new company will be extending that range and challenging the traditional approach taken by many local lenders.

‘Customers old and new can rely on us for traditional loans,’ Adam continues, ‘for a holiday, new car or home extension perhaps, or when buying business equipment and assets. We don’t want to categorise or pigeon-hole anybody’s requirements however. Reto will be the specialised lender of choice, providing flexible finance solutions that suit local needs, whatever shape or form they come in. An “off-the-shelf” approach to loans just won’t work in the future. The world is changing – it’s time to change the approach to lending as well.’

All existing customers are being contacted with information about the new company, with no planned changes to their existing terms and conditions. New customers continue to be welcomed, with no disruption to lending anticipated. For further information, contact Jersey 01534 886900 or Guernsey 01481 886900, or email info@shawbrookinternational.com or info@retofinance.com.

About Reto Finance

Reto Finance is a privately-owned lender operating its business in Jersey and Guernsey and fully registered with the Jersey and Guernsey Financial Services Commissions and compliant with Channel Islands’ finance regulators. The management team were supported in this buyout by London-based specialist investor Quilam Capital.

About Adam Dawson

Adam set-up and managed Shawbrook International Limited in 2016 following seven years working at a senior executive level for a major Jersey-based finance house. Prior to this, he operated in management consulting roles across a range of financial services.

Adam is an experienced and recognised local business leader holding an MA in leadership from Exeter University, where he also mentors first-year undergraduates. A resident in Jersey, Adam juggles work with a busy family life and keeping fit.

About Quilam Capital

Quilam provides flexible investment for exciting ventures. It combines targeted financial solutions with expert guidance and advice, working alongside clients, helping them overcome challenges and accelerate their business performance.

The core team has 35 years’ combined sector experience, encompassing Barclays Capital, Morgan Stanley, RBS, Shawbrook and EY, and a leading track-record of investment, making Quilam the go-to speciality finance partner, having completed over 100 transactions across the investment spectrum. The wider management team also offers corporate finance and operational expertise to provide a full range of private equity services and executive support. For more information about Quilam Capital visit, www.quilamcapital.com