John Phillipou honoured as AFC CEO of the Year 2024

John Phillipou has been named CEO of the Year 2024 at the Asset Finance Connect (AFC) Summer Awards, recognising his exceptional leadership and contributions to the asset finance industry. This accolade highlights Phillipou’s dedication to driving innovation and excellence in his field.

Phillipou expressed his surprise and gratitude upon receiving the award. “It is unexpected, and I am slightly taken aback by the amount of congratulations I have received. My role is to be a representative of the team I work with and the businesses I have worked at before. The hard work is done by the staff on the ground,” he stated, underscoring his belief in the collective effort of his team.

The future of asset finance: Innovation and adaptation

Looking ahead, Phillipou sees significant changes on the horizon for the asset finance industry. “As an industry, we have to be led by the markets we serve. This is what makes things so dynamic that there are big changes coming in how customers acquire and use assets and how lenders assess and deliver solutions,” he explained.

Phillipou envisions emerging products that incorporate usage, tax, emissions reporting, and enhanced capital allowances, aligning with governmental growth objectives. He believes that with digital journeys and faster equipment acquisition methods, a sea-change in innovation is imminent.

Leadership through experience and engagement

When asked about his leadership “superpowers,” Phillipou humbly dismissed the notion of having any. “Haha…no superpowers, but I am quietly proud that I started in a junior administration role in a branch office and have worked my way through over time,” he said.

Phillipou attributes his leadership success to his broad understanding of various roles within the business and his willingness to engage directly with colleagues to make things happen. He emphasized, “I also do not believe knowledge is power…sharing knowledge is power and not sharing knowledge is a weakness.”

Challenges and achievements over the past year

Phillipou reflected on the challenges and achievements of the past year, highlighting the busy and dynamic nature of his role. “The challenges are varied as I am nearly five years into my Paragon role and now we are through COVID and despite the huge economic turmoil, are starting to see the business grow and become more dynamic,” he said.

Balancing his responsibilities at Paragon with staying informed about industry topics for his role as Chair of the Finance & Leasing Association (FLA) has been demanding but rewarding. In terms of achievements, Phillipou takes pride in expanding Paragon’s profile from an established mortgage and savings bank to a recognised and well-regarded commercial lender. “Reputation is everything,” he concluded.

John Phillipou’s recognition as AFC CEO of the Year 2024 underscores his visionary leadership and commitment to excellence in the asset finance industry. His ability to navigate challenges, foster innovation, and inspire his team has solidified his reputation as a respected leader. As the industry continues to evolve, Phillipou’s insights and dedication will undoubtedly drive further progress and success.