Haydock Finance, a UK-based SME asset finance provider, has appointed John Jenkins as chief executive officer with immediate effect.

Jenkins has over 30 years of experience in finance, having previously held senior positions at Lloyds TSB Commercial Finance, GE Capital Bank and Amicus Finance.

Jon Wilkinson, chairman of Haydock Finance, said: “This planned change in leadership will build on the cornerstones of the Haydock strategy. Wilkinson is a highly experienced individual with a proven track record of strategic planning and executing successful strategies to deliver growth and diversification.”

At the beginning of 2018, investment funds managed by affiliates of Apollo Global Management signed an agreement to acquire the majority shareholding in Haydock, investing alongside Haydock’s founder and chairman Wilkinson.

Haydock said it delivered record new business levels in 2018 and became an approved lender under the Enterprise Finance Guarantee scheme operated by the British Business Bank. The accreditation follows the provision of a £25m block discounting facility from British Business Investments, a commercial arm of the British Business Bank, to Haydock in 2016 which helped grow its asset finance division.

The company has made a number of appointments over 2018 to support and build on existing broker relationships and to diversify its offering, which now spans multi-tiered funding and specialist markets.

It said it had also identified a pipeline of new recruits to expand coverage nationally, extend market reach and improve service levels. Jon Wilkinson, now in his new role of executive chairman will focus on spending more time with customers and brokers.

John Jenkins commented: “This is an exciting time to be joining Haydock. I am looking forward to working with the talented team that has taken the company this far on its journey. The outlook in both core and new markets continues to offer considerable opportunity and we intend to further deliver growth and value for all stakeholders. “