HML has appointed Graham Donald to lead the firm’s entry into the £220 billion unsecured lending market as an end-to-end loan administrator.
Donald joins the financial outsourcer with 25 years experience in the personal loans industry, including 18 years with Lloyds Banking Group.
He will spearhead the drive to establish HML in the market.
The outsource will partner with Harrogate-based instalment credit specialists Nostrum Group.
Donald said there is growing consumer demand for unsecured lending and working with Nostrum, HML has the attributes to succeed in the industry.
He added: “We will use Nostrum’s award-winning technology and expertise in combination with HML’s multi-site resource to provide a very attractive end-to-end outsourcing service for large and small providers of personal loans.