There’s been a change in the top leadership position at defi SOLUTIONS.

On Friday, the company that partners with captives, banks, credit unions and finance companies to help them transform their operations announced the appointment of Tom Allanson as chief executive officer.

According to a news release, Allanson will succeed Bret Leech, who is stepping down as CEO and leaving the company.

Allanson has more than 25 years of executive leadership experience in fintech and lending and has consistently demonstrated an ability to build, grow and enable high-performing teams and businesses.

In addition to his most recent role as head of enterprise payment solutions at Fiserv, Allanson has served as CEO of PerfectForms Inc.; president of digital, international and commercial at H&R Block; and CEO and co-founder of TaxNet, which was ultimately acquired by H&R Block.

The company highlighted that Allanson’s unique background of technology management, entrepreneurial and enterprise success will be valuable as defi SOLUTIONS builds upon its product suite.

“I am excited and honored to lead this exceptional company,” Allanson said. “This is an exciting time for defi SOLUTIONS as we have the opportunity to accelerate our growth within the lending industry by providing innovative solutions to meet the complex needs of our clients and their customers.

“I look forward to working with this talented team as we further innovate, extend our investment in the cloud, and strengthen and expand our services, solution offering, and capabilities,” he went on to say.

Leech reflected on his time leading defi SOLUTIONS, which merged with Sagent Auto in April 2019.

“It has been a privilege to lead the talented defi SOLUTIONS team for the past four-and-a-half years,” Leech said. “I am incredibly proud of what our team has accomplished in bringing best-in-class, integrated technologies and services to lenders.

“Over this period, we have built a business that has grown considerably and is well positioned for future growth. And now, as defi SOLUTIONS enters its next chapter, is a natural time to transition leadership with Tom as the ideal person to extend the growth of our company,” Leech went on to say.

Deborah Kerr is chair of the defi board of directors and also touched on what’s ahead for the company now that a change in leadership has been completed.

“The growth trajectory at defi SOLUTIONS is exciting and we are thrilled that Tom will be leading the team in this next stage of expansion,” Kerr said. “His proven track record, technology experience, and leadership skills make him the perfect person to accelerate innovation within the lending industry.”

“I also want to thank Bret for his leadership and wish him the best on in his future endeavors,” Kerr added.