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The non-bank has promoted from within to fill the position of head of sales for asset finance.
Pepper Money has announced that Andrew Gamble, its head of product for asset finance, has been made the new head of sales for asset finance, effective immediately.
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Gamble, who has worked at Pepper in a range of asset finance roles since 2016, takes on the position following the departure of Michael McEvoy, who will become the general manager of Fintelligence on 30 July.
In his new position, Gamble will lead the asset finance sales team and its service and solutions to Pepper Money’s customers and partners.
The Perth-based asset finance specialist has extensive experience in sales, product, and business performance. According to the lender, he has been instrumental in developing and strengthening Pepper Money’s relationships with key aggregators, brokers, and dealers in the asset finance market, as well as driving product innovation, pricing strategy, and business performance.
Prior to joining Pepper in 2016, Gamble worked as a finance manager at Driven Finance Group and was a senior account manager for commercial vehicle and equipment finance company Capital Finance (when it was still owned by Lloyds Banking Group).
Speaking of the appointment, Ken Spellacy, the general manager of asset finance at Pepper Money, said the lender was “delighted” to appoint Gamble into the “integral role”, particularly as Pepper’s asset finance business celebrates its 10th anniversary.
“Andrew has been a valuable member of our team for many years, pushing the growth of the asset finance business and has demonstrated exceptional leadership, strategic thinking, and customer focus,” Spellacy said.
“He is well-respected by our partners and colleagues and has a deep understanding of the asset finance market and the needs of our customers.
“We are confident that he will continue to drive the growth of our asset finance business and support our vision to help more Australians succeed.”
Gamble said he was “honoured and excited” to take on the “new challenge”, noting that Pepper Money “has a strong reputation and track record in the asset finance industry”.
Gamble said: “I am passionate about leveraging technology to improve the customer experience – delivering efficiency and speed in financing processes. Innovations like OCR [optical character recognition], scanning, biometrics, and real-time settlements are streamlining operations and reducing the need for human intervention.
“Continuing this work will enable us to deliver on our promise to provide flexible and tailored solutions that help our customers achieve their goals.
“I look forward to working with our talented and passionate sales team to further enhance our offering and service to our customers and partners.”
Pepper Money’s asset finance business has been growing rapidly over the past decade, with assets under management increasing by 21 per cent over the calendar year 2023, to $5.7 billion, according to its latest financial figures.
Commercial brokers made up 27 per cent of overall asset finance loan originations, while mortgage brokers and auto brokers each made up a further 18 per cent of asset finance originations.
It acquired the remaining 35 per cent share in asset finance broking platform Stratton Finance Pty Limited earlier this year, taking it to full ownership of the asset finance company and has been one of the largest electric vehicle financiers in the country.
According to its results for CY23, it has financed 8,986 electric vehicles since 2015, offsetting 39,000 tonnes of CO2 in 2023.
[Related: Adam Croucher joins Pepper Money]
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