Cynergy Business Finance appoints Head of Operations

Asset-based lending specialist, Cynergy Business Finance (CBF) has announced that it has appointed Lorraine Udale as Head of Operations.

Udale will bring nearly 30 years’ experience within the asset-based lending, invoice discounting and factoring sectors to the team. She joins the Manchester-headquartered business from Praetura Invoice Finance, where she had previously worked as operations director since August 2021.

Udale will be leading on the operations side of the business, ensuring the continued success of client relationships through comprehensive relationship and risk management. This latest appointment also marks the strong growth of the CBF team, with an 74% increase in headcount over the last year.

Mark Simpson, Operations Director at Cynergy Business Finance said “As CBF continues to grow the loan book and operational support to service increased client numbers, I am really pleased to welcome Lorraine into the team as head of operations.

“A key hire for the business, Lorraine has significant experience in the ABL market and will be responsible for ensuring best-in-market customer service, allied with prudent risk management controls within the operations team.”