Renovo is pleased to announce the appointment of Brian Cole to the board of directors of the Company as Chief Executive Officer with effect from May 1st 2014.
Brian has over 19 years' experience in the financial services sector, starting his career at First Union Financial Corporation in the US.
He subsequently joined Capital One Financial Corporation, serving in various executive roles before moving to the UK where he was Chief Executive from 2009 to 2013.
In this role, Brian led a credit card business with a $750 million turnover, 2.5 million customer relationships and over 1,000 employees.
I am delighted we have attracted someone of the calibre of Brian
to lead the group.
proven industry expertise and leadership skills, I am confident he
will help us build a truly customer focused business that will revolutionise SME funding in the UK."
added: "It is well known that traditional lenders are failing to provide funds for SMEs in the UK.
We see a clear opportunity to bring a modernised approach to the industry, using the latest technology and advanced credit rating methodologies to provide a superior customer focused alternative to the traditional lending sources.
I believe Renovo
has the right foundations to achieve this and I am excited about the opportunity."
Brian Thomas Cole, aged 44, is not currently a director or partner in any companies or partnerships.
In the previous five years he has been a director or partner of the following companies or partnerships: Capital One Developments Limited, Capital One (Europe) plc, Capital One Funding Limited, Capital One Holdings Limited, Capital One Investments Limited, Capital One Overseas Limited, Capital One Securities Limited.