The senior management team at Bath-based specialist lender 1pm has been strengthened with two key appointments.
The firm, which is listed on the London Stock Exchange’s AIM market, has recruited Carol Roberts and Lorraine Neyland to head its asset division and risk function respectively. 
Carol brings extensive financial and commercial knowledge to the group having more than 50 years' experience in the financial services industry, including 35 years as a managing director with GE Capital and Bibby Financial Services.
She is also a board member of the Finance & Leasing Association and chair of the Leasing Foundation.
Lorraine joins 1pm, which provides finance to growing small and medium-sized firms, following more than 30 years working in the financial services industry including 25 at the Bank of Scotland and Lloyds Banking Group across a variety of senior credit and risk roles.
As head of asset, Carol will oversee all three of 1pm’s leasing businesses – Onepm Finance, Academy Leasing and Bradgate Business Finance – while Lorraine will be responsible for all aspects of its underwriting, credit and recoveries functions as head of risk.
1pm chief executive officer Ian Smith said: “I am delighted to welcome both Carol and Lorraine to the group. Head of asset and head of risk are both new roles for the group, but they are pivotal ones within the senior leadership team.
“Both Carol and Lorraine are highly experienced finance professionals with the ability to motivate and lead teams and I think it is reflective of the growing stature of the group that we have been able to attract individuals of such calibre.
“I look forward to their contributions as we look to drive the asset division forward and further professionalise and upskill the risk function. We are entering an exciting new stage of the group's evolution and both Carol and Lorraine will prove key members of the team tasked with delivering its growth.”
