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's 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're 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's sales team has grown from five in 2000 to 22 in 2003.