Scottish-born Brian joins the alternative funder from Allied Irish Bank where he headed up a division specialising in finance for manufacturing and industrial sectors.

During his career he has worked in the UK and Australia, delivering acquisition, property, and infrastructure finance on behalf of companies including Westpac institutional Bank, Bank of Scotland, and Clydesdale Bank.

Based in Edinburgh, Mr Machray will be working with his large network of Industry groups, finance brokers and introducers to provide SME funding across the whole of Scotland.

This will be the third new office Reward has opened in just over six months, as it rapidly grows its regional coverage, having already launched in Birmingham and London, adding to its established offices in Leeds and Manchester.

Brian Machray said:  “Reward Finance has a unique product suite that is perfectly suited to fill the funding gaps left by high street and challenger banks.

“It has become extremely difficult for well-run SMEs to attract finance in various sectors throughout Scotland, particularly in manufacturing, industrials and niche property finance sub sectors.

“I strongly believe that the product offering and seamless funding process provides an ideal solution for many SMEs who have found it difficult to gain traction to funding lines in the current climate.

“We are ideally placed to assist the many SMEs out there who have excellent businesses but are struggling to access the funds to grow their businesses.”

Nick Smith, group managing director of Reward, added: “The success of regional offices is having experienced funders and well-connected people in place, and Brian has both in abundance.

“He appreciates the ‘can do’ way we support SMEs, with our flexible and pragmatic approach, and the way we have simplified our lending products to just two – Business Finance and Asset Based Solutions – to quickly meet their needs.

“We are therefore looking forward to introducing our unique approach to funding across Scotland.”