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Directorate Change

16 Jul 2015 07:00

RNS Number : 1621T
Private & Commercial Fin Group Plc
16 July 2015
 

16 July 2015

 

Private & Commercial Finance Group plc

("PCFG", the "Company" or the "Group")

 

Directorate Change

 

PCFG, the AIM quoted finance house, announces the appointment of David Bull as the Company's new Finance Director with effect from Monday 3 August 2015.

 

From January 2014 until July 2015, Mr Bull was Director of Finance and Company Secretary at Hampshire Trust Bank plc, a UK 'challenger' bank which specialises in asset, commercial and property finance, as well as providing savings and deposit accounts to individuals and businesses. Previously, he was Interim Chief Financial Accountant at the Bank of England between 2011 and 2013 and, before that, his experience covered a range of finance and other roles at organisations that included Deutsche Bank, Heritable Bank and KPMG. He qualified as a Chartered Accountant in 1996.

 

In addition to his directly relevant experience of SME focused lending operations, Mr Bull has also been successfully through the banking licence application process which will be of significant benefit to PCFG.

 

As announced on 9 June 2015, Zane Kerse had advised the Board of his wishes to pursue other interests and he will resign as a director with effect from 31 July 2015, but will be staying on with PCFG until the end of August to support Mr Bull in his initial weeks.

 

Scott Maybury, CEO, commented: "I am delighted to welcome David to the Group. His experience in recent years at Hampshire Trust Bank and, before that, at the Bank of England will be of significant value to us as we continue to grow and as we progress our banking licence application. The Board looks forward to working with him."

 

"I would also again like to place on record our gratitude to Zane for his diligence and financial stewardship through a critical period for the Group which he joined in 2001 as Financial Controller, before becoming Finance Director in 2008. He leaves with our very best wishes."

 

Additional information:

 

Mr David Richard Bull, aged 44, is or has been in the past five years a director of the following companies:

 

Current directorships

DR Bull Associates Limited

Previous directorships (held in the past five years)

None

 

Mr Bull currently holds no shares in the Company.

 

There is no further information to be disclosed under Schedule 2(g) and Rule 17 of the AIM Rules in respect of Mr Bull's appointment as Finance Director.

 

- ends -

 

For further information please contact:

 

Private & Commercial Finance Group

Scott Maybury, Chief Executive

Robert Murray, Managing Director

 

Tel: +44 (0) 20 7222 2426

Tavistock Communications

Chris Munden / Niall Walsh / Lucia Caprani

 

Tel: +44 (0) 20 7920 3150

Panmure Gordon (UK) Limited

Fred Walsh / Peter Steel / Atholl Tweedie

 

Tel: +44 (0) 20 7886 2500

Westhouse Securities Limited

Henry Willcocks

 

Tel: +44 (0) 20 7601 6100

 

About Private & Commercial Finance Group plc (www.pcfg.co.uk)

Established in 1994, Private & Commercial Finance Group plc is an AIM-quoted finance house which has two main operating divisions:

 

• Consumer Finance which provides finance for motor vehicles to consumers; and

• Business Finance which provides finance for vehicles, plant and equipment to SMEs.

 

The Group has a highly efficient and scalable business model, utilising its specially developed internet-based proposal system to service national networks of brokers and suppliers.

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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