Kevin Davidson, managing director of Premier Asset Finance, has announced his retirement from the business he co-founded.
He will step down at the end of March, exactly 40 years to the day since he started his first job in asset finance, when he joined North West Securities.
Davidson will be succeeded by Ken McKeating, currently sales director for Paragon Bank’s SME lending division. He has had a long career in asset finance, working in senior roles at the Bank of Scotland and Dash Commercial Finance, before joining Paragon in October 2017.
Premier Asset Finance was co-founded by Kevin in 2008, after working for over 20 years at the Bank of Scotland and is today one of the UK’s largest providers of asset finance, with more than £1bn in funding, arranged over 15,000 agreements.
In 2016, the firm was acquired by FTSE250 specialist bank Paragon.
Davidson said: “It has been an amazing journey, from North West Securities in 1983 to Premier Asset Finance 2023, but like most things in life it’s the people that have made the real difference and I would like to take this opportunity to thank all the fantastic colleagues, mentors, managers, industry associates and customers for making my career such a magical and hugely enjoyable experience.”
McKeating said: “I am delighted to be joining Premier Asset Finance and building on the good work of Kevin and his team.
“Backed by a wealth of industry knowledge and expertise, the Premier team is ready to deliver funding solutions to businesses and work with them to achieve greater and greater success in 2023. I can’t wait to get started and wish Kevin a long and enjoyable retirement.”
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