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Paragon Motor Finance strengthens its regional sales team

Paragon Motor Finance has appointed a senior regional sales manager and two regional sales managers to support its growth strategy.

Adam Hammond has been appointed as the new senior regional sales manager and will focus on Southern England. He has worked in the motor finance industry for 17 years and has previous experience as a key account manager with Close Brothers Finance and business development manager for Mann Island.

David Hughes and Sam Winter have joined as regional sales managers. Hughes will oversee the North West of England and Winter’s territory will be the Midlands and South Wales.

Winter previously worked for The Compliance Guys as a key account manager. Hughes was business development manager for Volkswagen and before this, regional sales manager for Creative Funding Solutions.

Regional sales managers are the first point of contact for Paragon’s introducer panel. The team are responsible for providing the highest level of account management to Paragon’s customers in the motor finance sector. Building new and maintaining relationships with both dealers and brokers in the Motor, LCV and Leisure markets is a key feature of their roles.

Paragon Motor Finance head of sales Ian Haddon said: “We’re delighted to have Adam, David and Sam join the restructured external sales team and look forward to them increasing our presence in their respective territories and getting out into the market and helping to deliver on our growth strategy.”

The company’s car retail lending soared during the first half of its financial year. A total of £75.7 million was lent by Paragon Banking Group’s motor finance division during the six months to the end of March 2022, over twice the amount loaned in the comparative period in 2021 and 6% greater than the value in the second half of 2021.

More recently, Paragon expanded its electric vehicle (EV) finance offering to include vans, in response to customer demand.

Finance is offered on hire purchase and lease purchase agreements, with loans available to both consumers and businesses through intermediaries.

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