Secure Trust Bank announces new motor finance leadership team

mercer david 400

Secure Trust Bank has announced a new motor finance leadership team to drive its expansion plans.

Ciara Raison has joined as head of dealer sales, responsible for the direct-to-market sales team. Raison joins from Close Motor Finance, where she was responsible for the northern sales team.

Howard Paley joins in the new role of product director, responsible for driving the creation of new motor finance products and managing their delivery and lifecycle. He joins from Ricoh Leasing, and before that he worked for Ford Credit for more than 10 years.

Nikki Tyler and Tim Maffey both joined the business in January as operations director and finance director respectively.

Tyler is responsible for the day-to-day operational efficiency of the business, including underwriting, pay-outs, customer service, collections and asset disposal. Tyler is also responsible for IT and change management. She has been with the bank for more than a decade, the last six as head of change.

Maffey is the motor division’s first-ever finance director. He joins from GE Capital where he held a variety of finance and risk roles over a 20-year period.

All directors report to motor finance managing director David Mercer (pictured), who is leading the business’s successful shift to a portfolio of lower-risk lending.

Mercer said: “We have built a very strong leadership team with an excellent blend of experience that will drive our ambitious motor finance expansion plans.”

Secure Trust also announced that Stewart Cox is leaving his role as commercial director for a position outside the bank.