Moneyway, the motor finance arm of Secure Trust Bank, has appointed Stuart Cox as commercial director.

Cox, who has over 30 years’ experience in financial services and motor finance, joined the lender from Together Money, where he helped establish and grow the company’s motor finance arm.

Before this, his career included 17 years at General Electric (GE), Home Retail Group and Cabot Credit Management.

At Moneyway, Cox will be responsible for developing Moneyway’s product offering, establishing new relationships with clients and strengthening existing partnerships.

He said: “It’s an exciting time to be joining the business, particularly when you consider the enormous potential of Moneyway’s product range across the entire risk curve. The introduction of a number of new products and initiatives for its clients has enabled consistent year on year growth, and we want to ensure this continues going forward.

Cox joins Moneyway as the company looks to build on a strong previous year. In July, the lender revealed its lending balance had grown 35% between June 2015 and June 2016, which it credited to the launch of its prime product.

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By GlobalData