Signature Private Finance has appointed David Hughes to the role of finance director.

He was previously the chief financial officer at MEM Consumer Finance, which traded as PaydayUK.

Hughes said: “It’s a great time to join Signature Private Finance; it’s a firm on the rise, with a clear growth strategy. We are attracting interest across the sector, from first time investors to seasoned property professionals and this is a business that clearly understands what the market needs at a time when traditional finance sources remain difficult for many to access.

“I’m confident my experience will help the strategic development of the business, but my primary objective is to ensure we have the necessary internal controls and reporting procedures in place to cope with the predicted growth in the years ahead.

“Signature is building an experienced and committed team; my vast experience across diverse industries, with a strong history in managing the finance function, only enhances what is already a strong offering. This is a firm with the ambition to think big.”

Bilal Ahmed, Signature CEO, said: “I believe this appointment again demonstrates the ambition of our business. David is a great asset to our team and will not only allow us to sustain our recent impressive growth, but ensure we are in the best shape possible to manage the significant growth planned for the longer term.

“It is gratifying that Signature Private Finance, in a relatively short time, has become a business able to attract individuals of David’s calibre. He has great experience of both the fine detail and big picture thinking required by the modern short-term lender. This heralds an exciting chapter in the Signature story.”