Steel finance arm

THE business behind Liberty Steel has launched a financial services arm.

The move to set up Wyelands Capital follows the acquisition of Wyelands Bank last year by Sanjeev Gupta, executive chairman of GFG Alliance, which owns Liberty Steel.

Jay Hambro, chief executive of Wyelands Capital and chief investment officer of GFG Alliance, said: ‘ We’re determined to engage the most experienced figures to establish a powerful presence in the financial services market and make a real difference to the growth prospects of industry in the UK and globally.’