ao link
Credit Strategy homepage
Intelligence, insight and community
for credit professionals

Dear visitor,
You're reading 1 of your 3 free news articles this quarter

 

Register with us for free to get unlimited news, dedicated newsletters, and access to 5 exclusive Premium articles designed to help you stay in the know.

 

Join the UK's leading credit and lending community in less than 60 seconds.



Register now  or  Login

Leading from the front: How John Hughes won his Leadership Award  

Embedding core values into Mann Island Finance’s day-to-day activities, is just one reason which led John Hughes, managing director of Mann Island Finance, to scoop up the award for Business Leader of the Year – Car Finance Lender 

Share on LinkedInShare on Twitter
Business Leader of the Year - Car Finance Lender - John Hughes, Mann Island Finance
Business Leader of the Year - Car Finance Lender - John Hughes, Mann Island Finance
 
 

Hughes leads from the front to embed company values into the organisation from the top down. This is best illustrated by his commitment to always go the extra mile for his team and customers, and by his passion for fostering a strong coaching culture business-wide. 

 

Hughes is a regular voice in the industry, championing motor finance and best practices within it. Topics have included regulatory change, the importance of embracing ESG strategies, and the ever-evolving retail model.  

 

January 2021 saw the introduction of new FCA regulation for the motor finance sector. Hughes and the team were a prominent force in collaborating with the dealer community to ensure compliant pricing models were implemented, all of this alongside the backdrop of the pandemic. 

 

Well ahead of the FCA’s deadline, over 1000 dealers transitioned successfully to new pricing packages reflecting the FCA rule changes, alongside new oversight policies to support dealers, brokers and consumers. 

 

 

Thirst for knowledge  

 

John’s passion for coaching manifested in 130 employees pass three core competency programmes (Financial crime/GDPR/Product knowledge). 

 

In addition to this, the Mann Island Finance team members take an average of five additional courses on market/process/compliance knowledge every year. 

 

The impact of this commitment to improvement has led to a marked rise is customer happiness. Mann Island Finance has achieved an NPS of +76.2. 

 

 

Company values 

 

The business value of ’Win Together’ is very much part of Hughes’ personality. Leading while listening in his quiet and unassuming style, coupled with a willingness to put the needs of the broader team first are well recognised and respected across the industry.  

 

Delivering and promoting social value is inherent in the company’s values-led approach. Supporting this ethos, Hughes’ has posted regularly on the importance of ESG and embracing EVs (electric vehicles). Mann Island Finance will be a significant voice on the change to EVs in the coming year, a strategy developed in the second half of 2021. 

 

 

Drive for Innovation 

 

Innovation is at the heart of Mann Island Finance’s transformation as it seized the opportunity to embrace new technologies, by-passing the ’baggage’ of legacy systems faced by some established lenders. 

 

Agile, collaborative and adventurous are just some of the adjectives that describe the rapid pace of innovation that has seen the company not only catch up with established lenders but very arguably overtake them. In 2021, fifteen major IT innovation projects were delivered on time and within budget. 

 

The judges commented: “By leading from the front to embed values at Mann Island Finance, best illustrated by his commitment to always go the extra mile for his team, the judges were impressed by John’s focus on customers over the Covid-19 pandemic while also offering payment relief. They also really liked his focus on social causes and his positive advocacy around sustainability”. 

 

The judges were also impressed by John’s focus on customers over the Covid-19 pandemic while also offering payment relief. They also really liked his focus on social causes and his positive advocacy around sustainability. 

 

On accepting the award Hughes quickly shone the light upon his own team saying: “This award is really recognition of the team effort across the whole of Mann Island Finance and as such we should all share in this recognition.”  

Share on LinkedInShare on Twitter
Add New Comment
You must be logged in to comment. Login or Register to access enhanced features of the website.

Stay up-to-date with the latest articles from the Credit Strategy team

Credit Strategy

Member of

Get the latest industry news 

creditstrategy.co.uk – an online news and information service for the UK’s commercial and consumer credit industry. creditstrategy.co.uk is published by Shard Financial Media Limited, registered in England & Wales as 5481132, 1-2 Paris Garden, London, SE1 8ND. All rights reserved. Credit Strategy is committed to diversity in the workplace. @ Copyright Shard Media Group

We use cookies so we can provide you with the best online experience. By continuing to browse this site you are agreeing to our use of cookies. Click on the banner to find out more.
Cookie Settings