A new director has been appointed by Lloyds Bank Commercial to advise West Midlands on how to maximise their cash deposits.
Jon Szabo is one of four new directors to join the now nine-strong team liquidity advisory, which is headed up by David Brunton and provides advice and products to businesses with turnovers in excess of £25 million.
The bank said the appointment of Mr Szabo followed an uplift in demand for support to help companies utilise their working capital to take advantage of growth opportunities.
Mr Szabo said: "This is an exciting time to join the team as prospects for 2014 look increasingly encouraging.
"Lloyds Bank has a signature commitment to be the best business bank and I am looking forward to delivering this commitment to businesses in the West Midlands."
Mr Brunton added: "Mid-sized businesses and large corporates play an instrumental role in the continued resurgence of the º£½ÇÊÓƵ economy and, with rising business confidence, now is the time many companies are looking to accelerate their growth strategies.
"We work closely with businesses to help them reach a sensible balance between investing their cash surpluses and retaining money to maintain liquidity, and Jon's appointment has brought further knowledge and experience to the team to help provide businesses with tailored funding solutions."
