Asset Alliance Group said its MD of bus & coach, Michael Bycroft (pictured), had been promoted to the new position of MD for asset finance and leasing.

He assumes responsibility for the strategic development of the group and will oversee the truck and trailer contract hire, leasing and finance sales divisions, as well as the bus & coach, vendor finance and general asset finance sides of the business.

Bycroft said: “We have seen significant growth across the business over the last few years, particularly in the bus & coach, vendor finance, and general asset finance divisions.

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“I want to make sure this progression continues and that we maximise our capabilities to develop all areas of the business.

"All our budgets and forecasts point to another strong year ahead for Asset Alliance Group and I’m very confident we are putting the right stepping stones in place to allow every division to prosper.”

Reporting directly to Bycroft will be commercial director Martyn Bellis; Paul Wright, sales director for contract hire & leasing; Darren Fitzpatrick, sales director bus & coach; Matt Board, head of general asset finance and Anthony Jones, head of vendor finance.