New head of product to drive growth as division marks 10th anniversary
As Pepper Money gets ready to celebrate the 10th anniversary of its asset finance division the non-bank lender has further strengthened its focus on this lending sector, appointing Matt Perry as its new head of product for asset finance.
Perry (pictured above) is a seasoned professional when it comes to the banking and financial services industries, bringing more than 25 years’ experience to his new role.
He has worked in asset finance, product development, and business growth, holding senior leadership positions in both the UK and Australia at companies such as Westpac, Lloyds Banking Group, and Eric Insurance.
Perry’s most recent role was at YouX Powered, where he held the position of chief commercial officer and oversaw commercial strategy and partnerships. He also worked as head of strategic growth at Angle Auto Finance for three years, playing an important role in expansion of the startup.
Perry’s new role at Pepper Money follows the appointment of Andrew Gamble as Pepper Money’s new head of sales for asset finance and the ongoing growth of asset lending at the non-bank.
In April, Pepper Money priced a $675.9 million asset-backed security (ABS) transaction, SPARKZ 8, bringing the total raised in 2024 through securitisation markets to $1.4 billion.
Perry excited about new role
“I’m thrilled to join the team at Pepper Money and be part of their continued success in market,” Perry said.
“I have long admired Pepper Money from the industry sidelines for their strong reputation and impressive track record in the asset finance industry.
“I look forward to working closely with the team to bring innovative and customer-centric products to market, ensuring we consistently meet the evolving needs of our clients and valued partners.”
Perry’s role will involve driving product strategy and innovation at Pepper Money Asset Finance, including delivering solutions that enhance customer experience and support the company’s growth objectives.
Pepper Money Asset Finance marks 10 years
Ken Spellacy, general manager of asset finance, said Pepper Money was thrilled to welcome Perry to the team.
“Matt’s extensive knowledge of auto finance, along with his strong relationships in the industry and innovative approach to product development, make him the perfect fit to lead our product division,” Spellacy said.
“His strategic thinking and deep understanding of market trends will help drive the continued success and growth of Pepper Money’s product offerings.”
Since it was set up in 2014, Spellacy said Pepper Money Asset Finance had been an industry trailblazer.
He said that the business was more focused than ever on delivering an unparalleled end-to-end partner and customer experience.“Customer, partners, and talent come to our asset finance business given our service levels, speed to yes and ease of doing business,” said Spellacy. It’s the way we embrace innovation and set new experience standards in our industry.”
“As we approach our tenth year anniversary of Pepper Money Asset Finance, I can’t help but reflect on our journey and the incredible support we've received from our dedicated team, valued partners, funders, introducers, and brokers.
“Moving forward, we're excited to embrace new opportunities and continue to put our customers’ success at the heart of everything we do.”
The asset finance division's growth was fuelled by technology investments, partnerships, broker and introducer presence, and a focus on the novated lease business which has been increasing in popularity.
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