Arrow Global Group PLC Appointment Group COO (0530C)

TIDMARW

RNS Number : 0530C

Arrow Global Group PLC

17 January 2018

17 January 2018

Arrow Global Group PLC

Appointment of Group Chief Operating Officer

Arrow Global Group PLC ("Arrow Global"), a leading European credit management services provider, is pleased to announce the appointment of Dave Sutherland as Group Chief Operating Officer ("COO"). Dave is a highly experienced executive with a successful track record of managing operations within large, international financial services organisations. He joins Arrow Global at an exciting phase of the Group's development and will sit on the Group's executive committee.

Dave's most recent role was Managing Director at Nielson Financial Services, and prior to that he held roles with TD Wealth International, Santander UK, GE Money and Alliance Boots. In his new role, his key accountabilities will be to work with the Group's country managers and local teams in the UK, Portugal, Benelux and Italy to ensure delivery of ongoing operational excellence initiatives across the Group. Dave will also oversee the Group's previously announced One Arrow project which will provide an enhanced operational platform from which to secure future growth opportunities.

Lee Rochford, Group Chief Executive, said:

"Dave's experience will add considerably to our management expertise at a time when we are growing our pan-European credit management services platform. His operational and strategic management expertise will help ensure Arrow Global maintains and strengthens its leading capabilities in the industry, continuing to deliver positive outcomes for both institutional clients and end customers alike."

Enquiries:

Arrow Global [phone]

Anthony Frost, Group Communications

Duncan Browne, Head of IR

Instinctif Partners [phone]

Giles Stewart

Rui Videira

About Arrow Global

Established in 2005, Arrow Global specialises in the purchase, collection and servicing of non-performing loans. We identify, acquire and manage secured and unsecured defaulted loan portfolios from financial institutions, such as banks and credit card companies, as well as retail chains, student loans, motor credit, telecommunication firms and utility companies.

We play an active role in helping financial institutions deleverage and recapitalise in order to increase mainstream lending. By purchasing and managing non-performing loans and other core assets, we provide valuable capital and expertise to a growing European market.

We are a regulated business in all of our European markets, and as at December 2016, we had assets under management in excess of EUR41bn, over 1,500 colleagues and 9.3 million customer accounts.

This information is provided by RNS

The company news service from the London Stock Exchange

END

BOAUNONRWRAAAAR

(END) Dow Jones Newswires

January 17, 2018 02:00 ET (07:00 GMT)