Secure Trust Bank PLC has announced a strong Motor Finance leadership team to drive the expansion plans it outlined to shareholders in March 2018. Ciara Raison has joined as head of dealer sales, responsible for the direct-to-market sales team. Ciara joins from Close Motor Finance, where she was responsible for the Northern sales team.
Howard Paley joins in the new role of product director in mid-June responsible for driving the creation of new motor finance products and managing their delivery and lifecycle. He joins from Ricoh Leasing, and before that he worked for Ford Credit for over 10 years.
Nikki Tyler and Tim Maffey both joined the business in January as Operations Director and Finance Director respectively.
Nikki is responsible for the day-to-day operational efficiency of the business, including underwriting, pay-outs, customer service, collections and asset disposal. Nikki is also responsible for IT and Change. She has been with the bank for more than a decade, the last six as head of change.
Tim is the Motor Division's first ever Finance Director. He joins from GE Capital where he held a variety of finance and risk roles over a 20-year period.
All directors report to Motor Finance Managing Director David Mercer, who is leading the business's successful shift to a portfolio of lower-risk lending.
David Mercer commented: "We have built a very strong leadership team with an excellent blend of experience that will drive our ambitious motor finance expansion plans."
Stewart Cox meanwhile leaves the motor business on the 31 May from his role as commercial director for a position outside the bank.