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PCF - PCF News Story

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Micro Cap
Market Cap £n/a
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Revenue £42.3m
Position in Universe th / 1783

PCF Group PLC - Board Appointments

Wed 6th October, 2021 10:00am
RNS Number : 1902O
PCF Group PLC
06 October 2021
 

6 October 2021

PCF Group plc

("PCF", the "Bank" or the "Group")

 

Board Appointments

 

PCF Group plc is pleased to announce that, following the announcements made on 19 March 2021 and 21 May 2021, Caroline Richardson and Garry Stran have been appointed to the Board, effective 5 October 2021 having now confirmed their regulatory approvals.

Caroline and Garry's Background & Experience

Garry Stran (interim Chief Executive Officer)

Garry is an experienced Financial Services professional and has previously had roles within banking, credit management, corporate finance, advisory and most recently in the Fintech sector. Previously, Garry was a non-executive director of Computershare Loan Services Ltd for six years including chairing the Audit and Compliance Committee for part of that time. Garry joined PCF Group in July 2020 and initially assumed the role of Chief Operating Officer in January 2021, in the lead up to the retirement of the former Managing Director Robert Murray, a founding director of PCF. He assumed the role of interim chief executive on the resignation of the former Chief Executive (Scott Maybury) on 21 May 2021.

Caroline Richardson (Chief Financial Officer)

Caroline has significant experience as a finance director, most recently as CFO and Board Member at White Oak UK, where she was responsible for the Finance and Treasury teams. During her 25 years of experience in finance and banking, Caroline has developed significant listed entity and banking expertise through her roles as Group Finance and Transformation Director at Arrow Global plc, her role as Chief Accounting Officer of the Co-operative Bank plc and during nearly twelve years at Deutsche Bank, latterly as UK Finance Director. Caroline's experience, notably at the Co-operative Bank plc has included close liaison with the Prudential Regulatory Authority. Caroline is a qualified Chartered Accountant and has a First-Class Honours Degree in Economics from the University of Hull. Caroline joined the firm on 15 March 2021.

Tim Franklin, Chairman of PCF Group plc, said: "I would like to thank both Garry and Caroline for the leadership they have shown over the past few challenging months. Their guidance and experience have been invaluable, and I have no doubt that their appointment to the Board will help place PCF Bank on a strong footing as we look to position the Group for the future."

Additional Information

During the last five years immediately preceding the date of this announcement, Caroline Jane Richardson (nee Fishwick), who is 47 years old, held the following directorships:

Current

Past

PCF Credit Limited

Azule Limited and

Azule Finance Limited

LDF Group Holdco Limited

LDF Group Finance Limited

LDF Operations Limited

LDF Finance No.1 Limited

LDF Finance No.2 Limited

LDF Finance No.3 Limited

White Oak UK No.4 Limited

White Oak UK No.5 Limited

White Oak UK (CBILS) Limited

White Oak UK (CBILS) (Non-Levered) Limited

LDF Ops Limited

DB Delaware Holdings (Europe) LLC

DB Overseas Holdings Limited

Deutsche Holdings No.3 Limited

Deutsche Holdings No.2 Limited

DB UK Holdings Limited

DB International Investments Limited

Deutsche Holdings (BTI) Limited

Deutsche Holdings Limited

DB Equity Limited

Bankers Trust Investments Limited

Deutsche Finance No.2 Limited

B.T.I. Investments

Sagamore Limited

Britannia New Homes (Scotland) Limited

Platform Home Loans Limited

Mortgage Agency Services Number Two Limited

Mortgage Agency Services Number Five Limited

Platform Funding Limited

Mortgage Agency Services Number Four Limited

Mortgage Agency Services Number Six Limited

Mortgage Agency Services Number One Limited

Co-Operative Bank Financial Advisers Limited

Britannia Treasury Services Limited

BOS Personal Lending Limited

First Roodhill Leasing Limited

 

There is no further information to be disclosed pursuant to Schedule Two Part (g) of the AIM Rules for Companies.

During the last five years immediately preceding the date of this announcement, Garry George Stran, who is 55 years old, held the following directorships:

Current

Past

PCF Bank Limited

PCF Credit Limited

Azule Finance Limited

Collingtree Enterprises Limited                            

 

Clarity Credit Management Solutions Limited

PDP Management Services Limited

Claven Holdings Limited

Homeloan Management Limited

Computershare Mortgage Services Limited          

The Capital Group Holdings Limited        

DMSFieldcall Limited      

The Property Service Partnership Limited  

Fieldcall Limited     

Capital Recoveries Limited

 

There is no further information to be disclosed pursuant to Schedule Two Part (g) of the AIM Rules for Companies.

PCF's shares remain suspended from trading.

 

end

 

For further information, please visit https://pcf.bank/ or contact:

 

PCF Group (via Tavistock Communications)

Garry Stran, Interim Chief Executive Officer

Caroline Richardson, Chief Financial Officer

 

 

Tel: +44 (0) 20 7920 3150

Tavistock Communications

Simon Hudson / Tim Pearson

 

 

Tel: +44 (0) 20 7920 3150

Peel Hunt (Nominated Advisor and Broker)

Andrew Buchanan / Rishi Shah

 

Tel: +44 (0) 20 7418 8900

Shore Capital (Joint Broker)

Henry Willcocks / Guy Wiehahn

 

Tel:  +44 (0)20 7601 6100

 

 

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