Drawbridge Finance’s credit manager Matt Smith has been promoted to head of credit and servicing.

Smith was the short term lender’s first employee, joining in November 2009.

His new role involves greater managerial responsibilities and closer monitoring of the company’s loan book.

Jonathan Samuels, CEO of Drawbridge Finance, said: “Matt has been a pivotal part of our team since we launched and it was high time to reward his hard work and expertise. When companies start out