Peter Cottle is set to resume his career as an independent adviser to the auto finance industry. As a first step he has agreed to co-chair the International Asset Finance Network’s Consumer and Business Regulatory Auto Finance Forum on 4 April 2019 at Hilton Canary Wharf, London.
Cottle is an extremely experienced veteran of the auto finance industry who, for the last five years, has worked as business development director with Glasgow-based Startline Motor Finance (Startline). Joining from its commencement, he worked with the other directors during a period of rapid expansion until, from a standing start; it has become a significant UK leader in near-prime motor finance.
Startline’s CEO Paul Burgess said: “Peter has reached a stage in his career where he would like to work on a more flexible, consultancy basis and we are at a point where the needs of the business development function within Startline are changing.
“The journey we have been on together over the last few years has been hard work but very rewarding and we thank Peter for his contribution. He has huge experience in our sector and we are sure that he will continue to make further notable contributions in the next few years. We wish him every success.”
Cottle learnt the auto finance trade from the bottom up, initially with Lombard North Central where he experienced the methodology of financing a wide range of assets. He held senior roles such as managing director of Jaguar Cars Finance and managing director at PSA Finance.
He then rose within the Bank of Scotland to attain the position of senior director corporate where he was deputy managing director of the retail and wholesale motor finance business.
For some six years from 2003 to 2009 he served as a director at the UK Finance & Leasing Association, finding time from 2011 to 2014 to act as head of business development at the Motor Trades Benevolent Society (BEN).
In 2009 he formed Finance Torque an auto finance consultancy whose core activity was working with a select number of suppliers and players in the motor industry, and acting as an introducer or consultant in assisting business partners achieve their corporate goals.
Cottle stressed: “I’ve very much enjoyed working at Startline. The business has identified a very strong niche in the sector - and the dealer community has responded positively to the company’s offering.”
He added: “The UK auto finance industry is awaiting the Financial Conduct Authority’s Motor Finance Review report with bated breath. The IAFN Forum on 4 April aims to examine the findings in depth as they affect motor lenders, motor dealers and fleet lessors.”