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A new leader has been appointed to spearhead the product development of Pepper Money’s asset finance offerings.
Non-bank lender Pepper Money has welcomed Matt Perry to the team as its new head of product, asset finance.
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Perry – who was most recently the chief commercial officer at asset finance software company youX Powered – takes over the position from Andrew Gamble, who was made the new head of sales for asset finance in July.
The new head of product for asset finance has more than 25 years of experience in asset finance, product development, and business growth. He has held senior leadership positions in the UK and Australia across a range of financial institutions, including Angle Auto Finance, HBOS Bank, Westpac Group, Lloyds Banking Group, Bank of Scotland, and Eric Insurance.
He joined Pepper on Monday (14 October) and will lead the product strategy and innovation for the lender’s asset finance division.
According to the lender, Perry will be particularly focused on “delivering solutions that enhance customer experience and support the company’s growth objectives”.
Speaking of the appointment, Pepper Money’s general manager of asset finance Ken Spellacy said: “We are thrilled to welcome Matt Perry to the Pepper Money team. Matt’s extensive knowledge of auto finance, along with his strong relationships in the industry and innovative approach to product development, make him the perfect fit to lead our product division. His strategic thinking and deep understanding of market trends will help drive the continued success and growth of Pepper Money’s product offerings.”
Perry said: “I’m thrilled to join the team at Pepper Money and be part of their continued success in market. I have long admired Pepper Money from the industry sidelines for their strong reputation and impressive track record in the asset finance industry.
“I look forward to working closely with the team to bring innovative and customer-centric products to market, ensuring we consistently meet the evolving needs of our clients and valued partners.”
According to Spellacy, the asset finance business – particularly its novated lease business – has been growing and attracting new talent and customers due to its “service levels, speed to yes and ease of doing business”.
The asset finance business was established in 2014 and has been growing in the past few years.
It settled $1.4 billion in asset finance loans over the first half of the calendar year, taking its asset finance book up to $5.7 billion and acquired the remaining 35 per cent share in Stratton Finance earlier this year, taking it to full ownership of the asset finance company.
[Related: Non-bank takes full acquisition of Stratton]
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