SANCUS Finance has announced that its managing director Caroline Langron (pictured) will retire at the end of the year, to be replaced with Varengold’s Dan Walker.
The peer-to-peer invoice finance platform said on Wednesday that Walker will be responsible for leading the company’s business strategy and growth and will be a member of the group’s executive committee.
Walker has experience in a range of advisory, executional and leadership roles. A qualified lawyer, he spent the first part of his career at Linklaters advising clients on financing deals, before moving to Lloyds Banking Group where he worked on structured finance transactions.
He joins Sancus from Varengold Bank where he managed the firm’s London office.
“The alternative finance market has an important role to play in meeting the financing needs of businesses today,” said Walker. “The opportunity to join a growing and dynamic business in this sector, with such strong lending principles and access to large funding pools, was impossible to ignore.”
Andrew Whelan, chief executive of Sancus BMS Group, welcomed Walker to the team and paid tribute to Langron.
“We are delighted that Dan has decided to join the business,” he said. “His pedigree is excellent and will support our ambitious plans not only for Sancus Finance but for the wider group.
“He has deep technical knowledge of the challenges that businesses face when looking to secure financial solutions and has a proven track record in delivering relevant and practical solutions to support client growth.
“I would also like to thank Caroline for her commitment to the business during her tenure. Having joined the business in 2014, she has been instrumental in resetting its strategy, developing stronger working capital propositions and processes and building a talented team beneath her.
“We fully understand her decision and are delighted to announce that we have secured her services from January in a non-executive consultant role, supporting Sancus with some key growth projects.”