Paragon SME Lending appoints Phil Hughes as Deputy MD

Paragon Bank’s SME Lending division has appointed Phil Hughes to the newly-created role of Deputy Managing Director of SME Lending.

Phil will assume the role alongside his existing position of Managing Director of Idem Capital, which is also part of Paragon Banking Group.

With over 25 years in financial services, Phil brings with him a wealth of experience to the role of Deputy Managing Director and will be working with John Phillipou, Managing Director of SME Lending, to deliver on the division’s strategic objectives.

Phil will also be integral to the delivery of a signification digital transformation programme in the SME Lending division, including upgrades to the sales and back-office systems.

He joined Paragon in 2013 and was previously CEO of Equidebt, Sales & Marketing Director of Close Credit Management and Business Development Director of Britannic Assurance.

Phil Hughes, Deputy Managing Director of Paragon SME Lending, commented: “Paragon’s SME Lending division has ambitious growth plans and I’m looking forward to helping the business achieve its goals.

“John has developed a fantastic business over the past five years and I’m looking forward to working with John and the wider team to continue to deliver high-quality service and funding solutions for our customers and intermediaries.”

John Phillipou, Managing Director of Paragon SME Lending, added: “We are pleased that Phil is joining the SME Lending division as Deputy Managing Director.

“Phil has a wealth of experience in the sector and understands the business and our clients; he’s going to be an integral part of our success over the next few years as we continue our journey of growth.”