Folk2Folk names new COO

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Launceston-based lender Folk2Folk has appointed experienced finance executive Gary Leitch as its new chief operating officer (COO).

Leitch brings 34 years’ experience in the retail, SME and corporate markets, as well as extensive asset finance experience encompassing a series of senior appointments, including on the board at Lombard, and then at Paragon Bank.

As MD of asset finance at Paragon Banking Group, Leitch was responsible for successfully leading the business through a period of significant strategic, operational and structural change, integrating a group of businesses into the regulated banking environment. More recently, he was at JBR Capital Limited as interim chief operating officer.

Folk2Folk MD, Roy Warren, said: “We’ve been strategising and preparing the business for growth which includes bolstering internal expertise in terms of processes, credit, and risk assessment.

“I believe in bringing the right players onto the pitch at the right time, and Gary is the right person for Folk2Folk to bring in to play now.”

Leitch added: “I am excited by the opportunity to support Folk2Folk’s mission to put humanity back into finance and to create prosperity for Britain’s regions, both being ambitions that resonate with me.

“Finance should be a people business, and it sits well with the Government’s levelling up agenda, so I’m thrilled to be working for a company that delivers on that.”

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