The Finance & Leasing Association (FLA) has announced the appointment of John Phillipou as its new chair.

Phillipou, who is managing director of SME lending at Paragon Bank, succeeds Rebecca McNeil who has held the post since 2021.

He has 25 years’ experience in business lending, both in the UK and globally, including roles with Bank of Scotland, JCB Finance, Citigroup and as international MD for Deutsche Leasing.

Phillipou says: “I’m proud to have been appointed chair of the FLA. The industry is on the verge of significant change in the coming years through technology advancements and I am looking forward to playing a role in its evolution, ensuring that the sector’s voice is heard with policymakers and raising its profile with industry.”

FLA director general Stephen Haddrill says: “On behalf of the board and the FLA staff, I would like to thank Rebecca McNeil for her service during the last two years.

“Her time as chair provided great leadership and vision. We are delighted to welcome John into this role, and excited to see the contributions he will make to the membership and the wider industry.”