Fluent Money, the UK’s largest second charge distributor, has completed the makeup of its new board and is now ready to develop its strategy to grow into other lending sectors and evaluate new opportunities.
The recently announced appointment of Mark Kilgallon as finance director, who joined from On The Beach Group, follows the arrival of Mark Huggins as managing director of Fluent Loans in March from Acromas, the holding company of the Automobile Association and Saga, where he was director of its financial services business. Stuart Almond joined as group compliance director in July from network, HLPartnership.
Kevin Hindley, chief executive, said: “Fluent Money has now assembled a board of directors to meet the demands and challenges as well as exploit the opportunities that the UK specialist lending market now provides. As we look at those opportunities in the wake of the inward investment from Beech Tree Private Equity, a strong and multi-faceted board is essential for us to build on today’s successes and take Fluent Money to the next level.
“Fluent Money has always been a forward thinking firm. Our business has been on a strong upward curve since inception and we have established ourselves as the major provider in the second charge market. With our board now in place, we are in the best position to forge ahead and establish a long term strategy to develop our proposition in the wider specialist lending market.”