Leading UK independent asset finance lender Propel Finance has appointed Andy Higgins as its new head of credit following the continued expansion of the business. Propel recorded the largest percentage growth and the biggest advance up the table of leasing firms in the latest AF50 report. Higgins takes up his role with immediate effect and will be responsible for leading Propel’s business-wide credit activities, including underwriting, portfolio management and risk distribution.
Higgins brings over three decades of experience in credit and broader risk at top-tier names in commercial banking and asset finance. He was one of four founders to successfully launch Investec Asset Finance in 2006. Higgins spent a decade as head of credit at Investec, and most recently had responsibility for reviewing the bank’s entire operational risk framework.
Mark Catton, CEO at Propel said: “I'm delighted to welcome Andy Higgins to the Propel team as head of credit as we enter the next exciting chapter of our growth. He brings a wealth of experience in building and leading outstanding credit teams, as well as being able to contribute to our wider business priorities. Andy has a huge affinity with asset finance and our various customer channels, as demonstrated throughout his career. This is a key leadership role within our business and his experience will be invaluable as we continue on our rapid growth trajectory.”
Andy Higgins, the new head of credit at Propel, said: "I am thrilled to be joining the Propel team. Against a backdrop of challenging market conditions, the fact that Propel continues to strengthen its asset finance offering and capabilities is testament to the firm's expertise, exemplary customer service and cutting-edge technology. I look forward to applying my experience to continue to develop robust commercial credit and risk management controls as a platform for governance and growth.”