In Reference Appointments & Updates


alone company in 2005. Managing director, Dan Hancocks, has been with CoCredo from the start and took over complete ownership of the firm in 2015. He said: “CoCredo’s achievements are


attributed to the outstanding team that work here. Our reputation and high retention rates are down to the trust that we have gained from our clients. We are proud to have built up a business that our customers have remained loyal to and we would like to say a big thank you for their support.”


Phillips & Cohen Associates has updated its senior leadership team. Nick Cherry moves up to the role of chief operating officer for the global organisation. Stuart Webb, formerly of NewDay, Santander, and Barclays, has joined the UK management team as site director. Andrew Worrall has been appointed as site director of the US headquarters in Wilmington, Delaware. Mr Webb said: “I am very excited to join


Phillips & Cohen’s leadership team. Their market position and reputation within the industry speaks for itself, and I look forward to working with the executive team to further enhance our service offering to clients and consumers alike in the years ahead.”


A new report from Equiniti has found nearly a third (30%) of consumers aged 18-25 have borrowed more than £1,000 over the past year, approximately two million people according to estimates and the highest proportion of any demographic. Richard Carter, managing director of


credit services at Equiniti, said: “There is no doubt that for many young people, money is tight at the minute, and so it is little surprise that the 18-25 age group has the highest rate of borrowing over £1,000 in


The Chartered Institute of Credit Management (CICM) and ITN Productions are to produce a news and current affairs- style programme exploring the impact credit management has across the supply chain and the need to support the growth of firms and the economy with healthier cashflow. ‘Credit Champions’ will aim to promote excellence in


credit management and raise awareness of its role within business and the community. Philip King, chief executive, CICM said: “Our members


Philip King


are experts in their field, and will welcome this exciting initiative that will highlight the critical importance of professional credit management in managing cashflow and supporting success. We anticipate it will be an important contribution to the ongoing debate, amongst businesses and within Parliament, as to the best ways of improving the payment culture, with a better understanding of best-practice credit-management principles.”


the past 12 months. Wages are failing to keep up with inflation and so credit is one way in which the youngest can cope with financial shocks, to plug unexpected, short-term gaps.”


Ashley Finance has appointed Dawn Trustam as sales director. She said: “I look forward to working on


deals from start to finish and relish the prospect of being part of Ashley’s team of experienced sales and underwriters. “Joining Ashley really appealed to me as


they look at each case on its own merit. The diversity of the deals the team will look at and consider is fantastic. I think it was this level of flexibility that sparked my interest in the company and it will certainly appeal to my broker network.”


Elevate Credit International has announced the appointment of Alan Lunt as its new finance director in the UK. Scott Greever, managing director, said:


“We are incredibly proud of the growth and development of our UK business since


we launched Sunny in 2013, despite huge regulatory changes, which have ultimately made the sector a better place. “We are ambitious and are establishing


Elevate UK as a leading medium-sized business and fin-tech employer of choice.”


The Money Advice Trust has welcomed the government’s creation of a Financial Inclusion Policy Forum to drive better co-ordination in addressing the problem of financial exclusion. CEO, Joanna Elson, said: “Baroness Tyler


of Enfield and her colleagues deserve a great deal of credit for raising this issue higher up the agenda – as does the Financial Inclusion Commission, which did so much work during the 2010-2015 parliament to galvanise interested parties. “Government’s response does fall short,


of the whole-society strategy that we believe is needed to tackle the driving factors behind financial exclusion that include fundamental issues around poverty, problem debt, and financial-capability products.”


Paul Hodgson It is with sincere regret that I have to advise you that Paul Hodgson, international business development manager of Forums International has passed away. Lynn and I have known Paul since our days at D&B and we were so pleased to have him back as part of the team


at Forums International. He was a true sales professional, as well as a pretty good videographer and photographer. His sales skills have


helped us grow the forum membership. We will miss him and his sense of humour. A very good friend and colleague. We send our sincere condolences to his family


Laurie Beagle and Lynn Christon, Forums International December 2017 www.CCRMagazine.co.uk Paul Hodgson 49


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