American Funding Welcomes Clayton Richardson as CEO

April 11, 2025 - American Funding has announced a significant leadership transition, welcoming Clayton Richardson as the company’s new CEO. Clayton steps into the role following the successful tenure of Kim Deveney, who has led the company for more than two decades.

Richardson, who joined American Funding in October 2023, brings a wealth of experience in financial services and has already made a strong impression as a senior leader within the organization. Known for his client-focused mindset and collaborative leadership style, he has quickly earned the respect and trust of both the internal team and the broader broker network.

The transition marks the culmination of a thoughtfully executed succession plan that began more than two years ago. In June 2024, the sale of American Funding to Richardson was finalized, setting the stage for a seamless leadership handover. Over the past eight months, Deveney and Richardson have worked closely together to ensure a smooth shift in responsibilities.

“I couldn’t be more confident in Clayton’s leadership and the future of American Funding,” said Deveney. “Our core value remains unchanged: ‘Our success is directly related to our clients’ success.’ I know our clients and partners will enjoy working with Clayton and continue to experience the high level of service they’ve come to expect.”

This leadership change signals a strong future for American Funding, with a continued commitment to client success and long-standing industry relationships.