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Evolution Funding appoints new CIO and head of operations

Adam Small (left), head of operations, and Paul Saggar, (right) CIO

Motor finance broker Evolution Funding has appointed Paul Saggar as its chief innovation officer and Adam Small as its head of operations.

Saggar has joined the team from Capita Travel and Events, part of Capita plc and brings over 20 years’ of CIO experience in software development, IT infrastructure, data science and digital customer experience development.

Saggar (pictured right) will oversee Evolution’s development and IT teams, and the development of the firm’s digital customer journeys.

He will also be tasked with increasing insight into customer behaviour and building technology solutions that continue to lead the digitization of the motor finance market.

Small (pictured left) arrives for his new role with over 17 years’ experience, joining from his previous role with Capital One.

He will look after the dealer services, underwriting, dealer oversight, and the complaints team, leading a program of process development, improvement and automation across Evolution’s B2B support functions.

Lee Streets, Evolution Funding's chief executive, said: “We are delighted to welcome Paul and Adam to the company. Both bring significant and relevant experience and insight to the team, along with track records of business transformation.

“The creation of these roles reflects the importance of digital innovation and continuous improvement in shaping the future success of Evolution, and these appointments will enable us to accelerate this further as we deliver on our ambitious growth plans.”

After additions elsewhere on the board and senior management team, Evolution followed it with these incomings.

The restructuring has come after a private equity investment deal with LDC saw the firm be valued at £110 million.

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