Aascent Finance has reorganised its senior management team.

Lloyd Hanks has been named distribution director, while Ed Ferrell is the premium finance provider's new group services director.

Kevin O'Flanagan, managing director, will focus on implementing Aascent's strategy for 2007.

O'Flanagan said: “Our customers are clearly critical to our continued success, so having all broker functions under one director's control makes enormous sense. Lloyd's management style will enhance the continued customer focus and bring together both technical and sales dynamics.

“In addition, we must constantly strive for continuous improvement in the manner in which we manage our business – here we capitalise on Ed's strength in utilising his expertise in the people, systems and financial areas in particular.”

And Stuart Norman has been promoted to the position of Manager – Underwriting & Risk Management.