UK-based trade finance provider Seneca Trade Partners (STP) has appointed Mark McGuire as a new director and shareholder to its team.

McGuire, a qualified chartered accountant, joins the company from Goldcrest Trade Finance, where he was managing director. His expertise is in smaller-sized, fast-moving facilities. He has 20 years of experience working in asset-based lending with 10 years directly in trade finance.

Following the appointment, STP says it can now provide trade and stock finance facilities up to £3mn.

STP is the sister company of investment management and corporate advisory firm Seneca Partners, which was founded in 2010.