Time Finance has strengthened its asset finance leadership team with the appointment of Geoff Worrall as head of structured credit, a move that supports the lender’s ambition to grow its lending book to £300 million.

The appointment forms part of a wider recruitment drive across key UK regions as the independent lender continues to scale its structured and asset finance capabilities.

Worrall (main picture, inset) brings almost four decades of financial services experience, having held senior credit, analytical and relationship roles at RBS, Barclays, KPMG, Santander and Co-op.

He joins Time Finance following five years at Haydock, including four years as head of structured credit.

GROWTH STRATEGY

Worrall said: “The ambition Time Finance has to further build its presence in the asset finance industry, particularly within structured credit, is truly exciting.

“I’m thrilled to be heading up this important development for the business and I’m looking forward to further establishing our position in the structured finance space.”

Steve Nichols, managing director of asset finance at Time Finance, added: “Geoff is a fantastic addition to our growing team; his appointment is a key part of our growth strategy and reflects our ambition to strengthen our presence in the market, particularly in structured credit.

“His experience and insight will be invaluable as we continue to build our expertise and expand our capacity.”

BUSINESS SUPPORT

He added: “Bringing in talent like Geoff reinforces our commitment to supporting businesses especially at a time when many are working hard to balance growth ambitions with cashflow pressures.

“I’m delighted to welcome Geoff on board as we build on our momentum and further enhance the support we provide to SMEs across the UK.”