– UK, London – PCF Group PLC (AIM:PCF), the AIM-quoted specialist bank, announces the appointment of David Titmuss as a non-executive director with immediate effect. Mr Titmuss will also act as Chair of the Remuneration and Nominations Committee.
Mr Titmuss is a sales and marketing executive with a record of achievement in customer acquisition in automotive, banking and financial services organisations. He has held a variety of board level and executive positions in public and private businesses including most recently at webuyanycar.com where he was responsible for customer marketing.
As part of the Group’s authorised status as a bank, Mr Titmuss has completed the required Prudential Regulation Authority and Financial Conduct Authority due diligence processes.
Tim Franklin commented: “We are delighted that David Titmuss is joining our board. His extensive sales and marketing experience coupled with his background in financial services make David an excellent addition to our team as we move towards creating PCF Bank.”
David Titmuss commented: “I am pleased to be joining PCF at this time as the business is set to attract new customers through a wider range of banking and finance products.”
About PCF Group plc
Established in 1994, PCF Group plc is the AIM-quoted parent of the specialist bank, PCF Bank Limited. With the advent of the Bank the Group now has the scale to increase its lending portfolio size significantly, with target portfolio sizes of £350m in 2020 and £750m in 2022. The Group will retain its focus on portfolio quality, and will now have the capacity to lend to increasingly prime segments of the finance market.
PCF Bank will offer retail savings products for individuals and will then deploy those funds through its two lending 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 track record of strong financial performance and an efficient and scalable business model, with significant room to grow. Utilising its technologically advanced platform, PCF will provide both depositors and borrowers with a high level of service and a straightforward, simple range of products tailored to suit their needs.
For more information : http://www.pcf.bank
- Disclaimer - News, data, and statements included in this release are intended exclusively for general information purposes. Talent4Boards does not guarantee that news is accurate or about the correct person and accepts neither liability for the consequences of the reader’s reliance, nor responsibility for the accuracy of the information. Nothing in this release should be considered for decisions about referred securities. Products and brand names may be trademarks or registered trademarks of their respective owners.
