Balancingriskwith  collections


MMF has announced the acquisition of a majority interest in Motormile Finance UK (MMF) by Copper Street One, an entity of Copper Street Capital LLP. The deal closed on 9 October 2017. Denise Crossley, chief executive of


Motormile Finance UK, said: “The MMF management is delighted to welcome Copper Street Capital to partner with it through its ongoing evolution, and with renewed investment and increased financial expertise, we plan to further strengthen our existing senior- management teams. “As the only debt purchaser to obtain full authorisation


Denise Crossley


whilst working directly under the scrutiny of the Financial Conduct Authority, I feel we are uniquely positioned to establish MMF as the market leader in both the low-value and short-term debt markets.”


RestonsSolicitorsLimitedassistsanumberof marketleadersintheDebtPurchase,Finance and Utility sectors with both secured and unsecuredcollections.


Our fundamental understanding of


commercial, reputational and compliance issues, togetherwith a focused, proprietary interest in our clientsÕ receivables means that we continue to excel in terms of client satisfaction, recoveries and complaintavoidance.


To Þnd outmore about how our expertise can help you, contact Nigel Coe on 01925661602ornpc@restons.co.ukorgoto www.restons.co.uk


Arrow Global has announced that Rob Memmott has decided to step down as group chief financial officer (CFO). Paul Cooper, currently CFO of the international insurance business Sompo Canopius, will replace him and will join the board when he starts on 1 January 2018. Lee Rochford, group chief executive officer, said: “I would like to


take the opportunity, on behalf of the board, to thank Rob for his significant contribution in transforming Arrow Global from a private UK-based debt purchaser into a quoted, pan-European leader in credit-management services. We wish him all the very best for the future.”


Cabot has announced its intention to proceed with an initial public offering. The company intends to apply for admission of its ordinary shares to the premium listing segment of the Official List of the Financial Conduct Authority and to trade on the main market for listed securities of the London Stock Exchange. The offer will comprise an offer of shares to institutional investors. Ken Stannard, chief executive officer of Cabot Credit


Management, said: “As one of the largest players in Europe, it now feels right to be listing on the London Stock Exchange. We are faced with significant untapped growth potential in each jurisdiction as creditor clients continue to partner with us to improve their own performance.”


FICO has announced that it was named a Leader in the Javelin 2017 Identity Proofing Platform Awards, in the Tailored category. Identity proofing solutions match a digital identity to a real-life individual and assess the risk associated with a particular event. “One of the foundational fraud challenges that an institution


faces – identity proofing – must be tailored to the risks inherent in the channel, market, product type, scenario, and threat environment,” the Javelin report said. “Identity proofing covers


46 www.CCRMagazine.co.uk November 2017


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