Collins was previously marketing manager for hospitality business Keith Prowse, where she was promoted to the role from marketing executive in 2013.
Her new job will see her focus on the company's marketing strategy to aid the company’s plans for a digital transformation.
Collins will also promote upcoming events such as the Phil Tufnell Club at The Kia Oval, the BBC’s Children in Need gala at Grosvenor House and the Abu Dhabi Grand Prix.
Collins said: "I am incredibly excited at the prospect of further developing the marketing strategy for Paragon Sports Management. It is clear it is going to be an extremely exciting challenge with a lot of great benefits to be seen across brand development and digital.
"We are constantly looking for innovative opportunities, especially with our fantastic celebrity client list and extremely experienced and creative event organisers, which give us the ability to adapt to changing needs in the hospitality and event market."
Mike Martin, Paragon Sports Management's managing director, added: "It is a fantastic time for Paragon, we are enthusiastically welcoming Megan’s understanding and knowledge of her field to further develop our marketing strategy."