In another senior appointment announcement, Compass Business Finance has unveiled Ken Archbold as head of credit. Mr Archbold has a wealth of experience in credit and underwriting, as well as working with broker channels.
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, the company 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.
“Compass is an incredibly entrepreneurial company,” Mr Archbold – who joins Compass from Metro Bank (UK) where he had been Business Development Director for the past seven years – commented.
“I’m relishing the chance to bring that entrepreneurial role and spirit further into finance and to mirror how the directors Mark Nelson, Jamie Nelson and David Bunker, 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 these industries 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”.
Mark Nelson, Compass director, added: “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. He enjoys meeting customers, understanding their businesses and making deals happen. This fits perfectly with our relational approach to finance.”
Compass Business Finance