Close Brothers Motor Finance, part of Close Brothers Group plc, has appointed Liam Quegan (pictured) as chief operating officer.

He brings to the role more than 15 years of experience in the finance industry, having previously worked at Capital One.

A candidate on its graduate scheme in 2000, he rose through the ranks to become director of customer service and most recently, director of collections and recoveries.

In his new position at Close Brothers Motor Finance, he will manage the company’s branch network, developing the firm’s IT infrastructure and overseeing core project management teams.

James Broadhead, chief executive of Close Brothers Motor Finance. “This is a strategic appointment that will help us to further improve our business operations and one that ultimately underpins our ambition for growth.

“Liam has hugely relevant experience and a proven track record of leading large teams, coupled with a deep understanding of the financial services industry and customer service which will bring a new outlook to our business. With his fresh approach, I have no doubt that he will be a valuable asset to our team.”

Quegan said: “I understand that regulation and compliance issues are one of the biggest challenges facing the motor industry at present. As such, my focus will be to ensure that we are well placed to help guide our dealer partners through the changes and add value to their businesses.

Close Brothers Motor Finance employs over 400 staff across 15 sites located throughout the UK and Ireland. It provides finance for new and used cars, motorbikes and light commercial vehicles in partnership with over 8,000 dealerships across the UK.