Stephen Sklaroff, the director general of the Finance & Leasing Association (FLA), has announced he is to step down after 12 years in the post.
He plans to work with the FLA on ensuring a smooth hand-over to his successor, when an appointment is made.
Sklaroff said: “It has been a privilege and a pleasure to work with the FLA’s members over the past twelve years as they have demonstrated their vital role in the UK economy, and commitment to high standards of customer service, during a time of huge change in the political, economic and regulatory landscape.”
Richard Jones, managing director of Black Horse Finance and chairman of the FLA, said: “Stephen has led the FLA through a time of unprecedented change, and through that period the FLA has become a larger, stronger and more influential voice for its members and their customers.
“On behalf of the board, our members and associates, I would like to thank Stephen for his leadership, passion and dedication over the last 12 years. His presence will be missed by all of us.”
Last year, FLA members provided £137 billion of new finance to UK businesses and households. £104 billion of this was in the form of consumer credit representing over a third of total new consumer credit written in the UK in 2018.