"We continue to see the high street banks support for small businesses contract and the opportunity to help business owners is expected to only grow in a post-Brexit environment."
Max Ward will join the SME-focused lender as chief executive at the end of Q1, with previous experience at GE Capital, Barclays and Aldermore.
As Max takes the role of CEO from April, current CEO and founder of the Group, John Davies, will become Chairman to support the new team.
Ian Savage has been hired as CFO, having held previous roles at CashFlows Europe and The Sigma Financial Group.
Mike Smith will take on the newly created role of director of card services. Prior to joining the Group, he held long-term roles at Raphaels Bank, NatWest and the Post Office – where he was head of banking.
John Davies commented: “The needs of a young business are very different to a more established company and to fulfil the ambitious growth plans we have we need people with experience of growing larger companies. All three appointments are perfect for our long-term ambitions in this regard.
“I’m excited for what Max, Ian and Mike will bring to their respective roles. While I’ll still be actively involved, I look forward to these new faces bringing fresh thinking and even more drive to the business.”
Max Ward added: “SME business owners still find financing and growing their businesses far tougher than it should be. We continue to see the high street banks support for small businesses contract and the opportunity to help business owners is expected to only grow in a post-Brexit environment.
"I’m excited at the scale of what we have achieved already in 2018 and what we, as a team and a business, can deliver in 2019 and beyond by building on a proven, solid foundation and staying true to our principle of supporting the underserved small business owner with products and services that delivers working capital in a manner more efficient than any of the wider market.
