New chief executive for Oracle Asset Finance

Catton will join the board with immediate effect and takes up his new post from 1 September, following FCA (Financial Conduct Authority) approval.

With more than 25 years banking and finance experience, the last 15 years at executive level, Catton has been instrumental in developing and strengthening large customer bases and franchises.

During his career he has been a non-executive director of Direct Line Group and held key managerial roles at Barclays and NatWest.

He said: “I am delighted to be joining Oracle and look forward to leading the business through its next phase of development and growth.

“On average, the business has successfully grown 20% each year and this is down to its fantastic team who are passionate about delivering the best service.

“Having spent much of my career in large companies I have looked at taking on a new challenge – to head up and develop an ambitious SME, and Oracle has offered me the perfect opportunity.”

Established in 2005, Oracle Finance specialises in funding high-value vehicles, from £40,000 up to multi-million pound classics and supercars. The business supports clients in the purchase of a wide range of prestige vehicles – everything from Aston Martins and Range Rovers, to hypercars such as the magnificent LaFerrari, and even Formula 1 cars.

With more than 50% of the company’s transactions as a result of repeat business and 20% of new clients acquired through recommendation, Oracle Finance maintains a strong, loyal customer base.