Time Finance has announced changes to the roles of three of its senior management team.

Steve Nichols, Sharon Bryden and Lorraine Neyland are all receiving new titles and expansion of roles within the group.

Nichols (pictured), who was formerly director of asset finance, is now named managing director of asset finance, delegating further responsibility to deliver the division’s strategy and financial results.

Bryden, who holds the role of group head of operations, has seen an expansion in her role to now include increased risk responsibility within the invoice finance division, given her significant experience in this area and her existing strong relationship with the invoice finance team.

Neyland, who was previously director of risk at Time Finance, now holds the title of group risk director, which better reflects her responsibilities in risk management across the group, the business said.

Ed Rimmer, Time Finance’s CEO, said: “I am delighted to oversee these changes in our senior management team. Steve, Sharon, and Lorraine have amassed a great deal of industry experience, and it is so important to have dynamic, talented and reliable leaders to work alongside.

“I look forward to working together more closely with the senior management team to make the 24/25 financial year our most successful yet.”