Motor finance provider Moneyway has appointed Richard Cox (pictured) as its new transformation manager.

Cox joins Moneyway from Chester-based lender The Funding Corporation (TFC), where he gathered 15 years’ experience of non-prime motor finance. During his time at the firm, he worked his way through the ranks across both TFC and ACF Car Finance, most recently holding the position as head of operations.

In his new role, Cox will work closely with managing director John Simpson.

Cox said: “My previous expertise in motor finance means that this is an ideal move for me, providing the opportunity to work with all areas of the business to provide a link between ideas and delivery.

“I am looking forward to working alongside John and the team, and with the launch of the prime product, the business is in a strong position to capitalise on the growing car market.”

Simpson said: “Richard has considerable experience in all aspects of motor finance, and will be an invaluable asset to our team as we look to move into the prime space. We have enjoyed an excellent last 12 months, and I am confident that with Richard’s support, we can maintain this momentum as we look to become a ‘one-stop shop’ for motor finance.”