Moneyway has appointed Richard Cox as head of operations. Cox first joined the British-based motor finance provider in 2015 as transformation manager.

Prior to his appointment to Moneyway, Cox served as head of motor operations at The Funding Corporation, where he worked for 15 years.

Richard Cox, head of operations at Moneyway, said: “I am really pleased to move into this key role at Moneyway. As head of operations, there will be a number of new challenges to face, and I am looking forward to working with the operational teams.”

In this new role, Cox will manage a team of over 60 people, taking responsibility for the management of operational functions. Cox will also provide support and oversee the development of strategic transformational change.

John Simpson, managing director at Moneyway, said: “His invaluable experience in the motor finance sector makes him a strong asset in many areas of the business, and he has been an integral part to driving through the recent change,”

“Richard’s expertise will be crucial to achieving future growth.”