Motor finance provider Moneyway has strengthened its team with the appointment of Stewart Cox as commercial director.

Cox joins from Together Money, where he played an integral role in the establishment and growth of the company’s motor finance arm.

He has over 30 years’ experience in the financial services and motor finance space, having spent 17 years at General Electric (GE), and held sales, marketing and operational leadership roles with Home Retail Group and Cabot Credit Management.

In his new role, Cox will be responsible for the development and growth of Moneyway’s product offering, as well as establishing new relationships with clients and strengthening existing partnerships.

Cox said: “It’s an exciting time to be joining the business, particularly when you consider the enormous potential of Moneyway’s product range across the entire risk curve.

“The introduction of a number of new products and initiatives for its clients has enabled consistent year on year growth, and we want to ensure this continues going forward.

Moneyway recently announced a 73% increase in its results in the year to June 30th, compared to the number of proposals received from the same period in 2015, as well as a 109% increase on the number of acceptances.

John Simpson, managing director at Moneyway, said: “Stewart is a natural addition to the team, and has settled into his role immediately.

“His breadth of sector knowledge, and his leadership experience makes him an obvious choice for the role of Commercial Director, and we couldn’t be happier to have him on board.”