Paragon Bank SME division appoints new regional sales manager for Yorkshire
Paul Reynolds will lead the further development of the bank’s provision of specialist financial support for such businesses across the region, reporting to SME lending regional director, Ashley Butterfield.
With more than a decade of asset finance experience, Mr Reynolds joins Paragon from Close Brothers, where he was an area sales manager for the North East. Before that, he was business manager for the Lloyd Motor Group.
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Hide AdMr Reynolds said: “I am thrilled to join Paragon’s specialist lending team at this exciting time for North East and Yorkshire SMEs.
"With plans for investment, businesses are ready to acquire the assets that will take their operations forward – and I looking forward to working with SMEs from across the region to help them reach their full potential.”
His appointment coincides with renewed demand for asset finance by North East SMEs, says Paragon, with recently published research by the bank – a subsidiary of the FTSE 250 company Paragon Banking Group PLC – finding that a majority (53 per cent) expect cashflow to improve over the next 12 months.
Mr Butterfield said: “I’m excited to welcome Paul to our team.
"With Paul’s significant asset finance experience, he will offer support to SMEs from across the region in finding the right, bespoke financing solutions for them.”