DSW Debt Advisory – the new service launched just before the lockdown to help companies raise debt funding – has attracted another senior banking figure.
Simon Carrier, who recently departed his post as Regional Managing Director of Shawbrook Bank, has joined as a Partner to help meet the growing demand. Simon’s 25–year banking career includes spells at RBS, Bank of Ireland and Santander where, as Regional Director of its corporate and commercial arm, he helped introduce its business banking service across Merseyside, Lancashire and Cheshire.
DSW Debt Advisory, which is part of the Dow Schofield Watts group, is aimed at companies typically seeking debt funding of £5m to £200m. It was launched in February by another former senior banker, Phil Tarimo, who now plans to extend the service into other regions.
Simon Carrier says: “After many years as a banker assessing applications, I am looking forward to sitting on the other side of the desk and advising clients directly. It comes at a time when many companies are seeking additional funding or reassessing their existing facilities. This is an exciting opportunity to work with Phil to build a national debt advisory brand.”
Phil Tarimo, who has held regional and national banking roles and who co-founded Deloitte’s debt advisory business, added: “It is great to welcome Simon on board. Many companies were already needing to refinance to deal with Brexit uncertainties but the lockdown has created additional impetus.
“It is critical they present their case properly and negotiate the appropriate funding structure, and who better to help than senior bankers who have spent years making these decisions? We are also in discussions with other senior individuals with a view to extending our service both in the North West and into other regions.”
James Dow, founding partner of Dow Schofield Watts, said: “DSW Debt Advisory has got off to a strong start. It demonstrates the benefits of the Dow Schofield Watts business model, which allows professionals to run their own business using flexible and remote working and is ideal for the post-Covid world.”