State Securities has appointed Barry Hutchings as sales and marketing director

The asset based lender saw with the departures of managing director, Simon Mills and sales director, Andrew Bullard over the past six months

The company has stressed that the new appointment was indicative of its appetite

Hutchings’ background is in asset finance and leasing with experience gained at board level at Lloyds TSB Asset Finance. For the last decade Hutchings has run his own specialist consultancy working with State Securities and other asset finance and leasing operations

He said: “Having worked closely with State Securities for a number of years