BRITISH IRANIAN BUSINESS
& PROFESSIONAL SOCIETY
Kelvin started his Banking career with Barclays in 1979. Prior to joining Barclays he spent two years as an agricultural labourer on a Market Garden farm in Dorset, but decided that he ought to get on and make a career for himself.
Kelvin’s portfolio consisted of 20 large corporate customers generating some £5m net profit and covering lending of £300m. A typical customer would be one with turnover in the range of £150m to £1bn.
After 29 years with Barclays, the last 12 as a Director on the bank’s manufacturing team in the City, he left at the end of 2007 to join Abbey/Santander as a Director heading up a new Industrials Team. His plan is to build a business within 2 years generating some £7m of income and lending of £500m.
Since arriving in January this year Kelvin’s team has secured £140m of new lending, with an additional £300m in the pipeline. Target customers are UK Manufacturing/Industrial businesses in the target turnover range of £500m to £2bn.
Santander is now the 4th largest Bank in the world by value and is unique in that it has no sub-prime exposure and consequently does not face some of the challenges being faced by other Banks in the UK. The deciding factor for leaving Barclays is the strength of Santander:
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