Evolution Funding, a B2B car finance broker, has expanded its field sales team with the appointment of four key personnel from former Barclays Partner Finance (BPF).
The new arrivals follow hot on the heels of BPF’s national accounts director Keith Bell taking the role of sales director, with previous sales director, Chris Coverdale, becoming group sales director.
Neil Holland takes over the position of North East regional sales director. Holland brings with him 25 years of financial sector experience. During his seven years at BPF, he delivered double-digit year-on-year growth in his role as regional sales director (Motor & Leisure). Holland’s appointment marks the retirement of Huw Thomas after 14 years of outstanding service.
Ingrida Cardoso joins as account manager for the North East region, focusing on larger used car operations. Cardoso was with BPF for a year, following a 14-year-long finance role at Car Giant.
Jonathan Turner joins as account manager for the North East region. Turner spent 10 years at Barclays before joining Hitachi Capital and going on to head up a new automotive finance business venture on behalf of Creditas.
Mark O’Reilly joins as part of a newly formed Technical New Business Team. O’Reilly was with BPF team for over a decade, dealing with the Top 100 groups and specialising in emerging markets, online and other digital marketplace providers. His new role will focus on Evolution’s technical proposition to dealers and potential partners looking to digitise the motor finance customer journey.
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Keith Bell, sales director, said: “I am delighted to welcome my former colleagues to the Evolution team. I have had the privilege of working with all of them at some point and know the value that they will bring to the business.
“Evolution is enjoying unrivalled growth and transformation, including a dedicated strategic focus on our unique technology offering. Acquiring experienced and time-served talent will allow us to leverage the significant opportunities available to us”.
The appointments follow a year of restructuring at Evolution Financing since a private equity investment deal with LDC in February 2019 saw the firm valued at £110m. LDC is the private equity arm of Lloyds Banking Group.
Meanwhile, Barclays Partner Finance is a trading name of Clydesdale Financial Services Limited, a wholly-owned subsidiary of Barclays Bank Plc.
The picture above shows left to right: Neil Holland, Ingrida Cardoso, Jonathan Turner and Mark O’Reilly.