Senior management changes announced at Close Brothers Premium Finance
Close Brothers Premium Finance (CBPF), the expert premium finance provider, has announced senior management changes, bringing together core elements of the business into a new Commercial function and creating a stronger alliance for its Sales function.
Close Brothers Premium Finance is the original premium finance provider, with 2.4 million customers in the UK and Ireland, and a network of over 1,500 brokers.
The changes see Colin Wallace move from his role of sales director personal lines, to take up the newly created role of commercial director. In his new position, Colin will lead the businesses’ commercial activities, oversee the ongoing development of product, brand, and proposition, as well as implementing strategies that align with CBPF’s goals and growth ambition. He will continue to have responsibility for the businesses Personal Lines Sales Team who support these brokers.
In addition to Colin’s appointment, continues to lead Commercial Lines, Strategic Accounts and Networks; overseeing structural changes that create a stronger link and ownership of the businesses’ broker partnerships. These changes will give them greater flexibility to meet the needs of strategic accounts, commercial lines brokers, and network partners. Combined with the new Commercial function supporting Sales colleagues, the team is better placed to focus more on what they do best – supporting brokers to thrive.
Colin Wallace, commercial director, Close Brothers Premium Finance comments: “I’m really excited about this next chapter, and I’m truly humbled to be given the opportunity to lead the new Commercial function for Premium. With these specialist areas and collective expertise all under one roof, there’s no doubt in my mind that this will enhance our ability to grow, protect and sustain our business. Plus, we’ll be better equipped to respond to ongoing market related factors, such as the FCA’s Market Study.”
Elliott Hayes, sales director, Close Brothers Premium Finance comments: “With the new Commercial function supporting us and with the sales structure being more aligned to our broker partners, I’m confident that this will give us more opportunities to deepen our relationships and enhance our partner service. By working in partnership with Colin’s teams, this is how we’ll remain the first-choice provider for premium finance.”
Shaun Hooper, managing director, Close Brothers Premium Finance comments: “Our focus is on driving growth and continuing to develop our proposition to meet the needs of both our brokers and our customers. This new structure will enable us to better align our expertise, foster collaboration across the business, and empower the teams as we pursue the businesses’ growth objectives.
These changes are a substantial leap forward, as we look to future-proof the business and enable it to thrive over the long-term. I look forward to working alongside Colin and Elliott in their new roles.”