PCF Group PLC Appointment of new Chief Financial Officer (7899S)
March 19 2021 - 2:00AM
UK Regulatory
TIDMPCF
RNS Number : 7899S
PCF Group PLC
19 March 2021
19 March 2021
PCF Group plc
("PCF", the "Bank" or the "Group")
Appointment of new Chief Financial Officer
PCF Group plc is pleased to announce that Caroline Richardson
will be appointed as a member of the Board and as Group Chief
Financial Officer, subject to regulatory approval being received.
Caroline replaces Nick Price, who has been interim CFO since
September. Subject to regulatory approval, Caroline will also
become a director of the Group's subsidiaries: PCF Bank Limited,
PCF Credit Limited and Azule Limited.
Caroline has significant experience as a finance director, most
recently as Chief Financial Officer and Board Member at White Oak
UK, where she was responsible for the Finance and Treasury teams
and helped develop their response to the pandemic. Additionally,
Caroline has a strong knowledge and understanding of PCF's
reporting requirements both as a listed entity and bank, having
previously served as Group Finance and Transformation Director at
Arrow Global PLC and led the Co-operative Bank plc's financial
reporting for two years as Chief Accounting Officer. Whilst at the
Co-operative Bank, she was one of their key contacts with the
Prudential Regulatory Authority.
In total, Caroline has more than 25 years' experience in finance
and banking, including nearly twelve years at Deutsche Bank,
latterly as UK Finance Director, highlighting her experience
working within the UK regulatory environment.
Caroline qualified as an accountant at PricewaterhouseCoopers
and has a First Class Honours Degree in Economics from the
University of Hull.
Scott Maybury, CEO of PCF Bank, said: "I would like to welcome
Caroline Richardson to PCF Group and wish her every success in her
new role. Her experience will be invaluable as we emerge from the
pandemic and return to our strategy of strong portfolio growth. I
would also like to thank Nick Price for his contribution to PCF as
interim CFO over the last six months."
Additional Information
During the last five years immediately preceding the date of
this announcement, Caroline Jane Richardson (nee Fishwick), who is
46 years old, held the following directorships:
Past
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.
end
For further information, please visit https://pcf.bank/ or
contact:
PCF Group Tel: +44 (0) 20 7222
Scott Maybury, Chief Executive Officer 2426
Robert Murray, Managing Director
Tavistock Communications Tel: +44 (0) 20 7920
Simon Hudson / Edward Lee / Tim Pearson 3150
Peel Hunt (Nominated Advisor and Broker) Tel: +44 (0) 20 7418
Andrew Buchanan / James Britton / Rishi 8900
Shah /
Duncan Littlejohns
Shore Capital (Joint Broker) Tel: +44 (0) 20 7408
Henry Willcocks - Corporate Broking 4080
About PCF Group plc ( www.pcf.bank )
Established in 1994, PCF Group plc is the AIM-quoted parent of
the specialist bank, PCF Bank Limited. Since commencing operations
as a bank in 2017, the Group has increased its lending portfolio
from GBP140 million to over GBP430 million. The Group continues to
focus on portfolio quality and lending to the prime segments of its
existing markets. The Group will continue to identify opportunities
to diversify its lending products and asset classes by setting up
new organic operations or through acquistion.
PCF Bank currently offers retail savings products for
individuals and then deploys those funds through its four lending
divisions:
-- Business asset finance which provides finance for vehicles, plant and equipment to SMEs;
-- Consumer motor finance which provides finance for motor vehicles to consumers;
-- Azule which provides finance to the broadcast and media industry; and
-- Property bridging finance which provides loans to companies
and sole traders investing in residential and commercial
property.
The Group has a track record of profitability and sustainability
through an efficient and scalable business model. Utilising its
technologically advanced platform, PCF Bank provides both
depositors and borrowers with a high level of service and a
straightforward, simple range of products tailored to suit their
needs.
Recently recorded video profiles of PCF's Property Bridging
Finance, Azule Broadcast Equipment Finance, and Savings divisions
are available at the Company's profile page on the London Stock
Exchange website:
https://profile.lsegissuerservices.com/PCFGroup/overview.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
BOABVLLFFXLBBBX
(END) Dow Jones Newswires
March 19, 2021 03:00 ET (07:00 GMT)
Pcf (LSE:PCF)
Historical Stock Chart
From Mar 2024 to Apr 2024
Pcf (LSE:PCF)
Historical Stock Chart
From Apr 2023 to Apr 2024
