In another senior appointment announcement, Compass Business Finance has unveiled Ken Archbold as Head of Credit. Ken has a wealth of experience in credit and underwriting, as well as working with broker channels.
“Compass is an incredibly entrepreneurial company,” said Ken, who joins Compass from Metro Bank (UK) where he had been Business Development Director for the past seven years. He has previously specialised in construction and transportation markets, which will enable Compass to support more deals in these sectors on its own book.
Over the next three to five years, Compass is looking to double the amount of money it is putting into the market via its own book and intermediaries. To achieve this Compass is making sure it has the right people in place, along with the systems and processes to support its relational approach to finance, providing customers with the best possible solutions for their businesses.
“I am relishing the chance to bring that entrepreneurial role and spirit further into finance and to mirror how the directors Mark, Jamie and David and the team do things differently in the way they transact their business.
“Compass is particularly well known in print, packaging and engineering and has a really close relationship with their customers, partners and suppliers. They know the industry inside out, which will be a big learning curve for me. I am looking forward to bringing my experience into Compass to help further expand its capabilities”, shared Ken.
Mark Nelson, Compass Director, said: “With core strengths in credit and underwriting, Ken also has a wealth of experience in working with broker channels, and will be supporting growth in that area of our business. He is a fantastic addition to our business as we continue to grow in our markets, where his knowledge and understanding in construction and transportation will be particularly welcome. Ken enjoys meeting customers, understanding their businesses and making deals happen. This fits perfectly with our relational approach to finance.”