PwC has further enhanced its market-leading debt and capital advisory team with the appointment of Chris Hawes to lead its national asset based lending (ABL) offering.
It revealed Hawes brings 23 years of ABL expertise, building and leading ABL teams at ABN AMRO, NatWest, HSBC and, more recently, M&G, with extensive experience in structuring and providing asset based facilities to corporates across multiple sectors in the UK, the US, Europe and Asia.
Hawes also brings long-standing trusted relationships with lenders and corporates and will join PwC’s debt and capital advisory team, comprising 30 debt specialists based across the UK.
According to the firm, Hawes’ focus will be to build on the already extensive ABL expertise of the debt and capital advisory practice, helping private, listed and private equity-backed companies requiring working capital and asset based facilities.
Chris Hawes, director at PwC debt and capital advisory, said: “I’m thrilled to be joining PwC, particularly given the momentum around asset based lending within PwC’s Deals business. We’re seeing first hand how borrowers and private equity are increasingly looking to ABL facilities as an alternative to traditional cash flow and leveraged facilities.”
Richard Siddall, PwC debt and capital advisory partner, added: “It’s great to have someone of Chris’ calibre and expertise joining our team. Chris brings with him a significant amount of experience which will be a huge benefit to our clients who are trying to navigate an increasingly complex range of products and lenders in the market to ensure they secure the optimum outcome.”