The specialist fintech lender has appointed a deputy CEO, chief financial officer and director of card services.
Max Ward (pictured top) has been appointed as deputy CEO, and will become CEO in April 2019.
He has significant experience of building high-growth teams at GE Capital, Barclays and Aldermore.
He will be responsible for leading the enhancement of the team, operating model and debt/equity structure.
When Max takes the role of CEO in April, John Davies, current CEO and founder at JLG , will become chairman, supporting the new team.
Ian Savage (pictured above) has been appointed chief financial officer and will take over as group financial director at the end of Q1 2019, when incumbent Robert Boot retires following six years at JLG.
Ian was previously CFO at CashFlows Europa and, prior to that, held the same role at the Sigma Financial Group.
He has specialised in high-growth, institutionally backed financial services firms for over a decade.
Mike Smith (pictured above) has been appointed as director of card services, a newly created role at JLG.
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He has previously held long-term roles as a director at Raphaels Bank and was previously at NatWest and the Post Office, where he was head of banking.
“The needs of a young business are very different to a more established company and to fulfil the ambitious growth plans we have, we need people with experience of growing larger companies,” said John.
“All three appointments are perfect for our long-term ambitions in this regard.
“I’m excited for what Max, Ian and Mike will bring to their respective roles.
“While I’ll still be actively involved, I look forward to these new faces bringing fresh thinking and even more drive to the business.”
Max said that SME business owners still found financing and growing their businesses far tougher than it should be.
“We continue to see the high street banks support for small business contract and the opportunity to help business owners is expected to only grow in a post-Brexit environment.
“I’m excited at the scale of what we have achieved already in 2018 and what we – as a team and a business – can deliver in 2019 and beyond by building on a proven, solid foundation and staying true to our principle of supporting the underserved small business owner with products and services that deliver working capital in a manner more efficient than any of the wider market.”