Tosca adds Lloyds chief to advisory board

Toscafund Asset Management’s (Toscafund) Tosca Debt Capital Fund business (the “Fund”) has strengthened its advisory board with the appointment of area director of Lloyds Commercial Banking, Dave Allanson.

Allanson brings a wealth of experience and industry insight to the Manchester-headquartered debt fund and will play a pivotal role in helping them become the alternative lender of choice for growing SMEs in the North of England.

He has held a number of senior roles in Lloyds Banking Group across the North of England, looking after SME and mid-market clients in a range of sectors, to support their growth and expansion strategies. Allanson brings 20 years’ of relationship and transactional banking experience to the team, working with regional businesses on both corporate and leveraged debt structures.

He will support Tosca Debt Capital by drawing upon his credit expertise in relation to the underwriting, credit and risk management strategies, as well as offering general governance support and advice to the partners.

Gary Davison, partner at Toscafund, said: “I’m delighted that Dave has agreed to join our advisory board.

“His experience, proven track record and market insight will be invaluable as we continue to build the business, develop our product and raise further funds.”