Ryan Armstrong, who began his role on July 18 and is based in Sydney, comes to the position with over 17 years of experience in the lending and financial services space, with a focus on global trade and receivables finance.
Between 2005 and mid-2022, Mr. Armstrong worked with HSBC across a number of roles for a period of roughly 12 years.
From 2016 to 2022, Mr. Armstrong, while based in Australia, was manager of HSBC’s global trade and receivables finance services, his final role with the non-major bank being a five-month stint as the respective senior manager.
From 2011 to 2013, while based in Sri Lanka, he was the assistant manager of HSBC’s global trade and receivables finance services.
From 2013 to 2016, Mr. Armstrong, then still based in Sri Lanka, was the non-major bank’s senior business analyst – global HUB and core banking.
According to Grow Finance (Grow), Mr. Armstrong’s role will be heavily focused on “streamlining operations to facilitate greater scalability” and enhancing the lender’s tech platform to expedite funding.
Grow has said that the establishment of this position is part of a broader team extension to “manage increased deal flow, improve service levels, and ensure brokers are well supported”.
The lender also confirmed that Mr. Armstrong will be working with Andrew Speers, who was appointed as Grow’s inaugural managing partner, structured finance and payments in February, as well as David Keeling’s product development team.
Speaking of his appointment, Mr. Armstrong said his goal in this position is to establish Grow as a market leader for structured finance products.
He added that he also aims for his role to contribute to the lender’s growth targets.
“Coming from a banking background, being part of the growth journey of a leading fintech was highly appealing,” Mr. Armstrong said.
“I believe Grow’s offering is cutting edge and I’m excited to be part of this dynamic team that prioritizes new product development and innovative technology.”
Grow co-chief executive David Verschoor said that he believes Mr. Armstrong to have a “deep product and sector expertise” that directly aligns with Grow’s “long-term focus of structured finance expansion”.
Mr Verschoor added that Mr Armstrong has extensive financial services experience in multiple markets and that “his specialist knowledge of trade and supply chain finance” will be “invaluable for Grow’s ongoing product enhancements, extensions and refinements”.
[Related: Grow Finance expands strategic leadership]