Bath finance firm appoints new directors
A specialist finance provider based in Bath has appointed two new directors.
Time Finance has announced the appointments of Tracy Watkinson and Paul Hird as independent non-executive directors with immediate effect.
Tracy is an accomplished executive with more than 20 years of finance and commercial experience, and currently serves as chief operating officer of finance at NatWest Group.
She began her career at PwC, before later moving into the finance sector, working for Barclays, UBS and Credit Suisse.
Tracy has significant experience as a COO in investment banking and is a business transformation expert. She has served in a number of non-executive and independent chair roles, within the finance and sporting sectors.
Paul has a background of over 30 years in the finance sector, most recently as co-founder and chief executive of Leumi ABL, an asset-based lender that provided over £500m of facilities to clients in the UK Mid-Market with assets of over £2.4 billion being funded annually.
Paul is a seasoned non-executive and corporate finance professional with a broad base of experience and achievements in senior management, mergers and acquisitions, and strategic business planning.
Tracy and Paul will be joining the nominations, remuneration, audit, and governance and risk committees with immediate effect.
The company has also announced that Ron Russell and Julian Telling, non-executive directors of the company, will step down from the Board on conclusion of the company’s AGM to be held on 7 November 2023.
Tanya Raynes, chair of Time Finance, said: “Paul and Tracy both bring highly relevant experience that will benefit the Group and its future at what is a very exciting time for the Company as it continues to deliver on its stated growth strategy including seeking to double Time Finance’s own lending book from June 2021 to June 2025. I am very pleased to welcome them to the Board.”
“I would also like to take this opportunity to thank Ron, who remains a highly supportive long-term shareholder of the Company, and Julian for their contribution to the business over many years.”
