Asset finance at Paragon expands with series of new appointments

Paragon has made a series of new appointments in its award-winning Asset finance business area as it continues to grow its lending commitment to British businesses.

Jan Greenhalgh is among the recent uptake of new starters as Head of New Business in Asset finance.

She brings a wealth of experience and specialist knowledge and is focusing on delivering, speed, consistency and accuracy to the SME market, through deployment of ‘operational excellence’ activity, which in turn, drives service excellence for customers.

Jan spent 18 years at the Royal Bank of Scotland and held senior posts at Lombard in Corporate, Commercial, Lombard Asset Management and Invoice finance.

Meanwhile, additions to the sales team offering finance through brokers include the appointment of Business Development Managers Ian Beattie, Michael Molyneux and Vajinder Bal. They are joined by Assistant Relationship Managers Yanko Dimitrov, Chris Harpley and Cara Chirgwin in this broker channel.

It comes shortly after the appointment of experienced senior credit professional Anup Sangha as Head of Credit for Asset finance at the leading specialist lender.

Richard Doe, Managing Director of Commercial lending at Paragon, said:

Over several months, we have made a series of appointments across Asset finance to build up this area with experienced people who can expand our capability and improve our customer journey. This underlines our commitment to invest as we increase our lending to British businesses and broaden our product reach.

Asset finance, which sits in the Commercial lending division, continues to grow strongly at Paragon. The recent Q1 trading update showed a 56% increase in lending by Asset finance to £93 million, compared to £60 million in the same period last year. There has also been an expansion into new products including aviation finance and soft asset financing.

Jan Greenhalgh, Head of New Business in Asset finance at Paragon, said:

Delivering a good customer experience is important to every business and something that we prioritise at Paragon. I’ve had a lot of experience in bringing about operational excellence and I am working closely with teams on our end to end customer journey.

Asset finance at Paragon equips small and independent firms by providing specialist funding through its broker channel or direct to companies that are in industries for construction, agriculture and commercial vehicles.

18 February 2019

Paragon Bank PLC is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Registered in England number 05390593. Registered office 51 Homer Road, Solihull, West Midlands B91 3QJ. Paragon Bank PLC is registered on the Financial Services Register under the firm reference number 604551