James Broadhead has been promoted to the position of managing director at Close Motor Finance.
Current managing director Janet Wilson has been appointed as managing director of sister company Close Premium Finance (CPF) based in Tolworth, Surrey. She takes up the position on November 8.
Broadhead joined CMF 10 years ago having previously worked with First National Motor Finance and Nat West and is currently deputy managing director.
Both appointments will report into Bob Golden, managing director, Close Brothers.