Mann Island Finance has promoted Andy Muir to the role of head of sales, as current incumbent Paul Power retires from the business.

Muir moves from his previous role as a regional manager at the finance company.

He said: “The transformation of the Mann Island Finance business from broker to lender has been an amazing journey. Having been part of this change over recent years, it is a great privilege to be entrusted with the opportunity to lead the sales drive.

“We are committed to working with the dealer community, adding value to them with our unique DNA and capabilities. Dealers can benefit from both our core lending capability and the continuance of our brokerage skills.

“We expect car sales to be a challenging environment in the year ahead. Having access to experienced and capable people with a lending appetite right across the credit spectrum and keen to help them is something I believe will appeal to many dealers.”

Mann Island Finance, which is part of Investec Bank, offers a range of retail and business user products to the market, alongside a full suite of broker solutions.