He was a candidate on Capital One’s graduate scheme in 2000, and quickly rose through the ranks to become director of customer service and most recently, director of collections and recoveries.

In his new position at Close Brothers Motor Finance, he will manage the company’s branch network, developing the firm’s IT infrastructure and overseeing core project management teams.

“We are delighted to have Liam on board as our new chief operating officer,” said James Broadhead, CEO of Close Brothers Motor Finance. “This is a strategic appointment that will help us to further improve our business operations and one that ultimately underpins our ambition for growth.

“Liam has hugely relevant experience and a proven track record of leading large teams, coupled with a deep understanding of the financial services industry and customer service which will bring a new outlook to our business. With his fresh approach, I have no doubt that he will be a valuable asset to our team.”

Quegan added: “I’m really pleased to be joining Close Brothers Motor Finance. It’s a company with great ambition and I believe it will offer me a new challenge, one that will allow me to further develop my skills and advance my career within a growing business.

“In my new role I will ensure that the company continues to have a strong focus on our customers. I believe we need to be driven in terms of how we deliver service to our dealers and continually strive to find solutions that will make our dealers more successful and our customers more satisfied.

“I understand that regulation and compliance issues are one of the biggest challenges facing the motor industry at present. As such, my focus will be to ensure that we are well placed to help guide our dealer partners through the changes and add value to their businesses.

“Close Brothers Motor Finance has enjoyed considerable success over the past few years and I’m looking forward to being part of yet another exponential growth spurt.”

The appointment is the latest in a series of recent strategic moves at the company. This January it announced the appointment of four new senior management personnel as part of a major investment in its UK and Ireland operations.

The company then appointed hired Richard Parr as senior head of marketing, John Kelly as director of analysis and decision support, Andrew Sproston as director of partnerships and Sean Mayman as director of national sales.

Close Brothers Motor Finance currently employs over 400 staff across 15 sites located throughout the UK and Ireland. It provides finance for new and used cars, motorbikes and light commercial vehicles in partnership with over 8,000 dealerships across the UK.