CCR Magazine

CCRi banner ad
You are here  :Home arrow News arrow Arrow Global Group PLC - Appointment of Chief Executive Officer
Contact Us Newsletter Signup RSS Feeds

Latest News Headlines

Headlines

 
Commercial Credit News

Headlines

 
Arrow Global Group PLC - Appointment of Chief Executive Officer PDF Print E-mail
Thursday, 08 December 2016
Arrow Global Group PLC (‘Arrow’ or ‘the Group’), announces that Tom Drury has decided to step down as Group CEO after over 20 years as a CEO, the last five of which have been with Arrow.  Lee Rochford, formerly CFO of Virgin Money will replace Tom as Group CEO and Board Director from 3 January 2017. Tom will remain with the business until the end of February to provide an orderly handover period. 

Lee brings extensive relevant financial services experience, including running a pan-European financial institutions advisory business which focused on the acquisition and sale of portfolios of non-performing loans across Europe, working both with financial institutions and private equity firms. He was also instrumental in delivering the highly successful IPO of fast growing retail challenger bank, Virgin Money, and in guiding the business as a listed company following the flotation.

Jonathan Bloomer, Chairman of Arrow Global Group PLC, said: “Tom has made an outstanding contribution to Arrow since he joined as CEO in 2011. He led the successful IPO in 2013 and has overseen a series of strategic acquisitions which have seen Arrow grow to become one of Europe’s leading purchasers and managers of debt, alongside driving a significant increase in shareholder value.

“The Group now has a diversified asset base and mix of income streams in the UK, Portugal, the Netherlands, Belgium and France, and yesterday we announced the proposed acquisition of Zenith Service SpA, which marks our strategic entry to the Italian market. The Group continues to deliver on its stated strategy and there is no change to the outlook or guidance for 2016 performance. I would like to thank Tom for his contribution to Arrow and wish him well for the future.

“I am delighted that Lee is joining as Group CEO. He brings a tremendous breadth and depth of experience across all of our asset classes and an extensive track record in financial services. I am confident that he is the right person to lead the Group through the next stage of its growth.”

Tom Drury added: “After over 20 years leading three companies the time is right for me to take some time out and plan for my future. I have thoroughly enjoyed the last five years at Arrow and I am very proud of what we have achieved during that period. Lee is joining a great team and I am confident that he will continue to deliver on Arrow’s growth strategy.

Lee Rochford commented: “Arrow is a very well-positioned company with leading market positions, a strong customer focused team and a compelling growth strategy. I am very excited to be joining at this time and look forward to working with the team to build on the Group’s positive momentum.”
 
CCRI
3 October - Guoman Tower Hotel, Central London 

CCRInteractive, in association with Marston Holdings , is the largest and leading one-day conference from the publishers of CCRMagazine – a truly national and international event for the credit industry.

This landmark event allows delegates to: Learn best practice of how to increase profitable sales in today’s economy. Understand the key compliance issues and how they will impact upon you. Discuss the legislative and regulatory framework and how it will effect you. Consider the potential effects of Brexit on your business. Discover the latest innovations in the market to improve your collections. Motivate your staff to achieve ever improved results.

To book to attend in 2017, contact Stephen Kiely  or Alison Lucas. To find out more about being part of this landmark event, please contact Gary Lucas
CCRI 

 Forums International Ltd

Forums International Ltd

 Attendance at your first meeting is free of charge, and please quote reference 'CCR2016' to receive the special 10% discount off of your first annual subscription.

Find out more here.

latest issue

CCR Cover

The latest edition of CCR Magazine, the leading editorial publication in the UK credit industry, is out.

Read the latest issue online

The Credit Excellence Awards

Awards 

Tuesday 3 October - Guoman Tower Hotel, Central London


Do not miss your chance to meet and network with the Winners and Finalists at the Credit Excellence Awards, in association with Hoist Finance.


To book your place to attend, please contact Alison Lucas.


subscriptions

CCR is the premier magazine for consumer and credit professionals. It provides an independent voice to the industry, breaking major news stories and running in-depth features.

As a magazine, it works with and campaigns on behalf of the credit industry to promote its importance as a centre of potential profit and business development to the wider business world.

Subscribe to CCR Magazine

CCR World Magazine


 

Providing information and analysis for thousands of senior credit professionals worldwide, every quarter.

Find out more

GTS Media Ltd
81 Cambridge Road
Southend-on-Sea
Essex
SS1 1EP

Registered in England No: 05483197