In Reference Appointments & Updates
Benson Hersch, chief executive of the
ASTL, said: “The growing diversity of the ASTL’s membership allows us to promote and protect the interests of members while ensuring the highest standards are achieved. David Rubin & Partners abides by the same standards we operate by and their practical approach, vast experience, and depth of knowledge will prove to be a real asset.”
Christiane Neumüller has been named as country manager Germany of SIA, reporting directly to SIA’s international division director Cristina Astore. She will develop SIA’s presence in the German market where the company has also acquired the processing activities of payment cards and management of POS and ATM terminals from UniCredit Business Integrated Solutions.
Sarah Porretta has been named as the new interim director of financial capability at the Money Advice Service. She was most recently head of financial inclusion and education at Lloyds Banking Group. Ms Porretta said: “I am delighted to have
this opportunity to help shape the financial capability of the UK at this critical time. I have seen first-hand the transformational effect that good money management can have on people across all life stages and different financial circumstances, and I am passionate about helping as many people as possible acquire these life skills.”
Santander has confirmed a three-year extension to its valuation and risk-services partnership with Hometrack. Piero Bassu, director of financial services
and capital markets at Hometrack, said: “The foundations for this long-standing partnership have been built on trust, high-quality service, and strategic alignment.”
After surpassing £60m of lending, ArchOver is aiming for profitability, with Bill Johnston joining its board of directors. “In the early days, I doubted ArchOver
could succeed. It is my job to distinguish between ambition and reality. While there is growing demand for alternative finance, it would only take one major player to fail and the whole sector would be at risk of big reputational damage,” said Mr Johnston.
April 2018
Adare SEC has become a member of the Credit Services Association (CSA) under its new Supplier Membership category. Richard Slee, chief executive officer at Adare SEC, said:
“Achieving CSA supplier-membership status really highlights how we see our business – at the forefront of critical customer communication solutions, and continuing to deliver a quality service for our clients and their customers in this industry. “We are proud to be part of the CSA’s supplier
Richard Slee
membership, alongside being one of the first to sign-up, showing our commitment to the sector as we continue to grow and innovate.”
Credable is aiming to disrupt the Nordic SME payments market, combining technology with underwriting skills and balance sheet from Euler Hermes. “Businesses in Sweden continue to sell on
credit and hence run risks to their cashflow when they get paid late,” said Richard Garnier, managing director of Credable. “Until now, they have had limited options for managing late payment – or worse still the insolvency of their clients. Factoring tends to be costly, slow and selective; bank lending may not be available and other grey-market financing options too risky. This is what we want to change.”
The Chartered Institute of Credit Management (CICM) has announced the first three candidates to attain their Level 2 Apprenticeship in Credit Control and Collections. They are Bradley Abbott of Aggregate Industries UK, Ryan Coton of
Adecco Group UK & Ireland, and Lewis Pace of Smiths News. Phil Rice, head of credit, Aggregate
Industries, said: “We are really pleased to see the results of Bradley's hard work achieving Level 2. “He is our first apprentice studying CICM
qualifications and he cannot wait to get started on his Level 3. We are seeing the benefits of our investment in our academy and the CICM paying dividends.”
Two in five start-ups say they have raided personal savings to keep their business afloat in the past year, according to research from Hitachi Capital Business Finance. Managing director, Gavin Wraith-Carter,
said: “It seems hard to believe the banking crisis was a decade ago, but the knock-on effect of high-street lenders being very cautious with lending to SMEs shows itself in this new study.”
Motormile Finance UK will now be known as Lantern going forward. The rebranding exercise follows the investment made by Copper Street One – a company backed by the investment firm Copper Street Capital. Chief executive, Denise Crossley, said: “I am delighted
that our name and wider brand has finally caught up with the changes we have been making over the past few years. I am proud that we have chosen a name that reminds us of the high standards we set ourselves – to go beyond mere compliance for lenders and to genuinely care for each customer. We have a renewed sense of purpose and excitement about what the future holds.” Part of the rebrand has been the creation of ‘The Lantern Promise’, a five-
Denise Crossley
part pledge that serves as both a reminder to staff and a public promise to customers that Lantern will take seriously its commitment to place customers at the heart of the rebranded company.
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