SLB increases sales team

Standard Life Bank is increasing its intermediary sales team in a bid to increase business volumes by 40% in 2003, writes Harriet Williams.

The bank&#39s current financial year-ends this week closing a strong 12 months for mortgage lending that will see Standard Life Bank smash its 2002 targets by 130%.

Six new account managers are being added to the sales team to capitalise on a robust market and promote new products.

Alan Dring, head of sales at SLB, says: “The main theme for next year is to extend distribution. We believe the market next year will be as buoyant as it is now and we&#39re committing extra resource to penetrate it.”

Dring promises some “pretty exciting” new mainstream product developments in the coming weeks to coincide with the appointment of sales recruits.

The bank&#39s sales team has grown from five in 2000 to 22 in 2003.