Small business asset finance firm Little Lease Company (LLC) has welcomed its second former head of Pepper Group in less than two months.
With the former co-group CEO of Pepper, Patrick Tuttle,
acquiring the firm in September, LLC has now tapped Andrew Paterson to lead the newly created role of general manager, lending and operations, effective from 31 October.
He will be based in the firm’s head office in Sydney and will be primarily responsible for overseeing all aspects of LLC’s asset-backed lending and loan servicing operations.
Paterson has spent more than 30 years in the finance industry, most recently working as head of credit for Pepper Group. He has also held roles at Genworth Financial, RAMS Home Loans,
ING Direct and Advance Bank/St George Bank. He has other links with LLC, spending five years working with David Holmes, one of LLC’s other directors, alongside Tuttle and Philip Sullivan.
Tuttle said the Paterson’s appointment came at a critical time with LLC being repositioned as Australia’s “go-to provider” of small and micro-ticket asset-backed finance to small and medium enterprises (SMEs).
“Andrew is a highly experienced financial services executive who will enable us to accelerate the implementation of industry-leading credit, origination, customer service, and loan servicing processes and procedures.”
Paterson said that joining LLC is a unique opportunity to implement a number of initiatives by utilising his commercial experience across the bank and non-bank spaces.
“We have a great team. I’m keen to take the business to the next level. It’s also nice to be back working with Patrick and David once again. Together, we have a strong track record which exemplifies our complementary expertise and skillsets,” he said.
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