Paratus AMC, the business which set up Foundation Home Loans earlier this year, has appointed Simon Bayley as commercial director.

His role will include the strategic development of the different business channels in which Paratus AMC is involved as well as identifying other opportunities for the company.

Hayley started his career in financial services with Welcome Finance in 1995 then The Associates, before joining First National in 1998, working up from a sales representative through a number of different roles.

He joins from GE Money Home Lending (formally First National) where he was commercial director and had spent over 16 years within the GE Group both in the UK and abroad.

At GE Money, Bayley moved into mortgage lending in 2006 and took on a strategic sales role responsible for key relationships including managing a business specialising in sterling mortgages for holiday homes in Florida. In 2008 he became sales director at GE Money Hong Kong before moving into the COO role.

On returning to the UK in 2010, Bayley looked after risk operations covering originations, asset management and valuations before taking on a role as strategic director covering the EMEA mortgage businesses. He then returned to UK Home Lending as commercial director in 2013.

Hans Geberbauer, Paratus AMC’s CEO, said: “We are very fortunate to attract someone of Simon’s ability and reputation. He has enjoyed an exemplary career, latterly over the last 20 years with one of the giants of the global financial services market.

“Paratus AMC is expanding rapidly and engaging individuals who have proven track records, as Simon does, which will help us achieve our long term objectives.”

Bayley added: “I am delighted to become part of the Paratus AMC team. I am looking forward to the challenges ahead to help push Paratus AMC to the forefront as a multi-faceted lender, funder and lending platform.

“This is an exciting opportunity for me to be part of a growing business and be among people who are dedicated to building a company that will serve the lending industry for years to come.”