The Paragon Group of Companies has appointed Richard Woodman to the board as director of corporate development.
Woodman has also been appointed as managing director of Idem Capital Limited, the group’s investment division.
Woodman joined the Group in 1989 and he has held various senior strategic and financial roles at Paragon, latterly as director of business analysis and planning.
More recently he has taken a lead role in the group’s strategic development and in the portfolio acquisition programme through the group’s subsidiary, Idem Capital.
Idem’s total investment to date has been £145.2 million which, together with third party servicing contract additions, has resulted in the number of accounts under management increasing from 120,000 to 335,000.