Expanding car finance firm welcomes new senior manager

Specialist Motor Finance has announced the appointment of Jim Cowell to the senior role of business development manager with the company.

Jim joins Chester-based SMF following seven years at Moneybarn where he worked in a deal management capacity, liaising with both finance brokers and car dealership groups.

At SMF he will take responsibility for helping the nationally-operating business to continue its growth within the non-standard car loans sector via brokers and dealers.

Jim, aged 41, has followed a near 20-year career in the financial services industry. Prior to Moneybarn, he worked for six years as an account manager at Welcome Finance.

SMF recently announced an additional funding injection of £110 million to satisfy rising demand for its HP advances made to credit-challenged car buyers.

The company currently employs around 75 people, including a department tasked with ensuring that brokers and dealers can be assured of the regulatory compliance of its lending products.

Managing director David Challinor said he was delighted that SMF’s clients would now be able to benefit from the expertise and knowledge which Jim is bringing to the company.

Additional senior appointments, he said, are likely to be made over the coming months.

Jim, who lives in Cosham near Portsmouth with his wife and their four-year-old son, will be engaging principally with brokers and dealers based in Southern England.