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PCF Group appoints banking veteran as new chief financial officer

PCF Group PLC (LON:PCF) has appointed Caroline Richardson as its new chief financial officer, replacing Nick Price, who has been standing-in since September.

The motor finance and loans bank said Richardson will also become a director of subsidiaries PCF Bank Ltd, PCF Credit Ltd and Azule Ltd, subject to regulatory approval.

READ: PCF Group says MD Robert Murray is to retire

She has more than 25 years’ experience in finance and banking, including nearly 12 years at Deutsche Bank, latterly as UK finance director.

Most recently she was chief financial officer at independent lender White Oak UK, group finance and transformation director at asset manager Arrow Global and chief accounting officer at the Co-operative Bank.

PCF noted that Richardson’s previous roles mean she has a strong knowledge and understanding of PCF’s reporting requirements both as a listed entity and bank and is experienced in the UK regulatory environment.

“I would like to welcome Caroline Richardson to PCF Group and wish her every success in her new role,” said Scott Maybury, chief executive of PCF Bank, in a release.

“Her experience will be invaluable as we emerge from the pandemic and return to our strategy of strong portfolio growth.”

Shares rose 3% to 24.82p on Friday morning.

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