Onside Issue 5 - 8

CONGRATULATIONS
TO EIS PORTFOLIO
MANAGER CONNOR
GRIMES
During Summer 2016, Seneca's
EIS Portfolio Manager, Connor
Grimes joined 170,000 investment
management professionals across
91 countries in attempting to climb
what has been called the "Mount
Everest of Finance" by taking a
Chartered Financial Analyst (CFA)
exam - a six-hour battery of tests
with rigorous questions covering
topics like quantitative analysis,
accounting and ethics. Having put
in many months of work towards
the day, Connor passed his level 2
exam; the pass rate in 2016 for Level
2 was 46%. Excellent work Connor.

SENECA'S NEW TRADE FINANCE BUSINESS HELPS
COMPANIES PAY SUPPLIERS
A funding line of £10m has been set aside for Seneca
Trade Partners, headed by Chris Divers and Chris
Williams, offering international trade credit facilities
for clients based across the UK.
Divers, who has 25 years' experience in asset-based
lending, said "the new business will support clients front
end working capital requirements by paying suppliers
and purchasing stock.

8

| ONSIDE WINTER 2016

"What we are offering is a variation on a theme," said
Divers. "The new business gives us a perfect platform to
help SMEs using lending disciplines which are unique."
Williams added: "We spoke to numerous prospective
backers but Seneca Partners' financial strength and
entrepreneurial approach meant they stood out as a
natural fit.
"Being associated with such a respected brand is a great
start for us."

"Being associated with such a respected brand
is a great start for us."

The duo are based at Seneca's head office in Haydock.
Seneca Partners currently provides debt and equity
funding of around £100m largely deployed in the North
West SME market.
Managing Partner Richard Manley said: "Seneca has
been looking to enter the trade finance market for
some time and we were impressed by their specialist
knowledge and bespoke funding approach."



Table of Contents for the Digital Edition of Onside Issue 5

Contents
Onside Issue 5 - Cover1
Onside Issue 5 - 2
Onside Issue 5 - Contents
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