The Bradford-based company has announced that he will succeed Chris Gillespie, who is joining H&T Group, an FTSE-listed pawnshop, who has held the position since August 2017.
Mr. Paton has a solid background in consumer credit, having served as CEO of Amigo Holdings from July 2019 until his resignation in December 2019. Previously, he was CEO of BrightHouse from 2016 to 2019.
Mr. Paton will join Provident Financial on September 14, and Mr. Gillespie will be leaving on August 31.
The credit lender said arrangements were in place to allow for an orderly delivery.
Malcolm Le May, CEO of Provident Financial, said: “I would like to thank Chris Gillespie for everything he has done at CCD since taking office in 2017.
“Chris joined the company at a very difficult time for the company and has done an outstanding job in turning around its operations.
“The successful deployment of Provident Direct under his leadership, for example, has enabled us to continue serving our customers during the Covid-19 crisis.
“I look forward to welcoming Hamish Paton when he joins Provident Financial. His vast experience in the sector and his current knowledge of our customers make him the ideal person to continue the work necessary to put CCD back in a position of strength and profitability. “
Mr. Paton said, “I am delighted to join Provident Financial as Managing Director of CCD and look forward to working with the excellent team there. The group’s mortgage business has existed for nearly 140 years and continues to benefit from an excellent market share and a strong brand. recognition among its customers.
“I look forward to developing CCD while integrating the group’s strong social vocation, which places the customer at the heart of everything it does.