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A specialist lender has announced the appointment of a new chief executive to guide it through its next phase of development following its acquisition in September.
Equipment finance lender Axsesstoday has announced the appointment of Craig Edwards to the role of CEO, effective immediately.
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Mr Edwards replaces interim CEO Stewart Winspear, who took the reins after the lender was acquired for $260 million by an affiliate of global investment firm Cerberus Capital Management.
Mr Edwards joins Axsesstoday from non-bank lender Pepper Money, where he has served as head of sales of its asset finance division since July 2014.
During his time at Pepper, the new Axsesstoday CEO was charged with developing the non-bank’s broker distribution network.
Prior to joining Pepper, Mr Edwards held several roles with Capital Finance Australia, which included a stint as director of the group’s board.
Daniel Dejanovic, senior managing director of Cerberus Global Investments, welcomed Mr Edwards to the group.
“Craig’s experience and existing relationships will add significant strength and expertise to Axsesstoday and its existing leadership team,” Mr Dejanovic said.
“With its new partnership with Cerberus and the appointment of Craig as CEO, Axsesstoday will be able to strengthen its business and identify strategic opportunities to expand its platform for the benefit of its customers in Australia.”
Reflecting on his appointment, Mr Edwards said he is committed to strengthening the Axsesstoday’s presence in the third-party channel.
“Axsesstoday has an exciting opportunity to deliver a compelling equipment finance proposition to the hospitality and transport industries,” he said.
“The company has a strong existing offering with the potential to launch new products, all of which can help brokers meet the evolving needs of their customers in an easy-to-use, technology-driven way.
“I believe there are opportunities to expand into other sectors of the equipment finance market and look forward to partnering with our leadership team and with Cerberus to lead this business into the future.”
[Related: Asset finance lender acquired for $160m]
