Paragon has appointed a new Managing Director (MD) of SME lending. John Phillipou joins Paragon from PEAC Finance, where he was Chief Executive Officer, leading the business in providing finance solutions for predominantly SME clients.

Phillipou’s career spans 25 years in business lending both in the UK and globally, including roles with Bank of Scotland, JCB Finance, Citigroup and as International MD for Deutsche Leasing.

Phillipou will be responsible for overseeing the SME lending activities of Paragon Banking Group including broker, commercial, invoice finance and professional loans to support UK businesses. He also aims to ensure that customer focus continues to be at the forefront of Paragon’s commercial lending.

Phillipou, said “I am delighted to be joining Paragon and I look forward to working with the team to deliver both a first-class service and products.”