Wells Fargo adds ex-GE man to ABL team

Neil Kerridge joins as regional underwriting manager and will report to EMEA head Stephen Chait.

Asset-based lender Wells Fargo Capital Finance has appointed former GE Capital executive Neil Kerridge as a director.

Kerridge joins after five years at GE Capital, where he served as executive director in the corporate structured finance team. Before, he was head of structuring and syndication at Lloyds. Across his career, Kerridge has almost two decades of experience in the asset-based lending sector.

In his latest role, Kerridge is a regional underwriting manager and will report to Stephen Chait, head of EMEA for Wells Fargo Capital Finance. He will be based in the firm’s London office. The firm provides technology finance and supply chain finance, in addition to its asset-based lending products.

Chait said: “Kerridge’s experience and expertise will be a tremendous asset. Our first priority remains focused on helping clients access the financing they need to grow and his experience further builds on these core values.”

Kerridge follows Tom Weedall, who joined the firm from GE Capital last month. Weedall is based in the firm’s Manchester office and serves as a director of loan originations. 

In the opposite direction, four members of the ECM Asset Management team, a subsidiary of Wells Fargo, left for the private debt fund Muzinich last month. The four were Torben Ronberg, Stuart Fuller, Sam McGairl and Alex Woolrich. Earlier in the year, PDI revealed the departure of ABL specialist Steven Osborne from Wells Fargo to ICG.

Wells Fargo Capital Finance has offices in London, Manchester and Birmingham and finances a “wide spectrum of companies across the UK”. The latest hire is part of the firm’s “long-term commitment to the UK market”.