BNP Paribas Leasing Solutions UK has appointed Mike Quinn (pictured) as the new Head of Technology Solutions (TS), taking over from Russ Pettifer.
Quinn previously held the position of Head of Risk at BNP Paribas Leasing Solutions UK and brings over 25 years of experience in finance, encompassing risk, sales, operations and IT project work.
Quinn will be overseeing a 115-strong team which provides dedicated finance solutions within four markets: office equipment, telecoms, IT and most recently healthcare.
The TS division currently has a network of 500 partners within these markets including manufacturers, distributors and independent resellers.
"The technology market has high growth potential," noted Quinn. "As businesses realise the sustainable and cost-effective benefits of financing hardware and software rather than outright purchase, IT equipment funding solutions are on the rise."
Jean-Michel Boyer, UK CEO, added: "The Finance Leasing Association (FLA) reported that IT financing in the UK reached a total of £2.2bn in 2015, up 38% from the previous year. Mike will help us to continue to capitalise on this opportunity."