New senior management appointment at Promarine Finance

Marine finance lender, Promarine Finance, has appointed Matt Ashmall to its senior management team.

Ashmall has been involved in asset finance for over 30 years, with the last 25 years specialising in the inland waterways sector. He says: “I’m really excited about the new role at Promarine and I look forward to utilising my experience and knowledge to help Promarine’s customers. There are approximately 4,700 miles of navigable canals and waterways in the UK, and I look forward to helping people explore it.”

Stuart Austin, director of Promarine, comments: “I’m really pleased to welcome Matt onboard the Promarine team. Interest in the UK’s inland waterways has increased greatly since the start of the coronavirus pandemic, and we’ve seen a 40 per cent increase in the number of finance deals for liveaboard vessels since the start of this year. Many customers are taking advantage of the affordability, the lifestyle and the freedom a liveaboard vessel offers, and we’re seeing customers opting for liveaboard vessels are also getting younger.

“Matt is joining the team at a really exciting time of growth and I’m delighted Promarine can offer even more expertise to its customers with the knowledge Matt has.”

Promarine Finance offers fixed rate marine mortgages for new and used RIBs, motorboats, sailing yachts and canal boats, and is one of only a few finance providers for liveaboard vessels in the UK.