About PCF Bank

PCF Bank was established in 1994 to bring two qualities into motor vehicle, SME asset finance and property finance: simplicity and customer focus

We are a specialist in these areas and have helped over 85,000 consumers and businesses by providing them with hire purchase, finance lease and mortgage facilities. Now, we are applying the same qualities with which we made our reputation to the wider world of banking.

Simple banking at your service

In December 2016, we were authorised as a bank. This is supported by more than 25 years of solid growth, both organic and through acquisition. With a finance portfolio of over £250 million, and 15,000 customers, you can rest assured that our professional and personable service has been thoroughly tested.

We offer not only the services on which PCF Bank was built, but an equally competitive range of savings products for our customers. Developing into a bank has made us more competitive and flexible, allowing us to better serve our existing customers, and also to attract more new customers who can benefit from our simple, personal, approach to finance.

Independent and innovative

At PCF Bank, simplicity is more than just a buzzword – It is a tangible benefit that we seek to deliver. One of the ways in which we achieve this is through our independence. It enables us to have short lines of communication, so that we can make quick decisions. Another important way in which we differentiate ourselves from other providers is through innovation: in particular, the development of our own internet-based proposals system, eQuote, and our internet-based application process for savings customers. These systems allow us to process applications for finance and savings accounts with new levels of speed and efficiency.

Experts you can rely on

We think that customer focus is easy to define: employing the best people, to deliver the best service, for each of our customers on an individual basis. As a result, our highly skilled and experienced underwriters evaluate all applications for finance on a case-by-case basis, rather than simply relying on credit scorecards. Like everyone who works at PCF Bank, their main objective is to offer a service that is professional and personal, forging lasting relationships with our customers that benefit everyone involved.


Introduction to PCF Group by CEO, Scott Maybury

Tim Franklin

Independent non-executive Chairman

Tim has a financial services background and has worked in banking for a number of organisations for over 30 years. He is currently a non-executive director of the Post Office, which is the UK's largest financial services retailer by number of outlets and is a member of its Audit Committee. He is a non-executive director of Post Office insurance and Topaz Finance Limited. Tim is an Institute of Leadership & Management Level 7 Coach and works extensively with senior executives across many industries both in the UK and Internationally. Tim is a member of the Nomination & Remuneration Committee.

Christine Higgins

Independent non-executive Director

Christine is a Chartered Accountant with over 25 years' experience in finance, working for UK and international banks. Over the last 9 years, she has served as non-executive director on a number of boards in the health, housing, Leisure and finance sectors, including as chair of the audit and risk committee. She is currently a non-executive director of Buckinghamshire Building Society and chairs its audit committee. Christine is the Chair of the Audit & Risk Committee and a member of the Nomination & Remuneration Committee.

David Morgan

Non-executive Director

David has over 35 years' experience in international banking, building has career at Standard Charted Bank in Europe and the Far east. Since leaving Standard Charted in 2003, he has been involved in a range of business advisory and non-executive roles. He is currently a non-executive director of Somers Limited, Bermuda Commercial Bank Limited and Weaverton Investment Management Limited. He is also Chairman of Harlequin FC, the Premiership rugby club. David is a member of the Audit & Risk Committee and the Nomination Remuneration Committee.

David Titmuss

Independent non-executive Director

David has over 25 years’ experience in both large and smaller financial services organisations, with a particular emphasis on customer acquisition and database management. His corporate background includes working at senior level in public and privately backed businesses. He has also led companies both as CEO and as a board director. Latterly, David headed the marketing function of webuyanycar.com and is recognised as an expert in digital marketing and advising businesses on cost-effective customer acquisition. David is the Chairman of the Nomination & Remuneration Committee.

Mark Brown

Non-executive Director

Mark has been Chairman of Stockdale Securities since November 2014. He was previously Chief Executive of Collins Stewart Hawkpoint and brings a wealth of experience and leadership in both small and large financial services business. Having worked as Global Head of Research for ABN AMRO and HSBC and as Chief Executive of ABN’s UK equities business, Mark led the successful turnaround of Arbuthnot Securities followed by Collins Stewart Hawkpoint. Mark is a member of the Nomination & Remuneration Committee.

Scott Maybury

Chief Executive

Scott holds a degree in business studies and is a qualified accountant. He spent 6 years with BHP-Billiton, one of Australia’s largest multi-national corporations and five years with McDonnell Douglas Bank. He is one of the founding directors of PCF Group plc and was previously Finance Director until October 2008. Scott chaired the Project Board for the application and implementation of the banking licence initiative at PCF.

David Bull

Finance Director

David holds a first class degree in Mathematics and Statistics and is a chartered accountant. After qualifying in 1996, he has worked in the Banking sector across a number of institutions including KPMG, Deutsche Bank and was interim Chief Financial Accountant at the Bank of England. Before joining PCF Group, David was the Director of Finance and Company Secretary at Hampshire Trust Bank plc where he was instrumental in setting up the banking operations.

Robert Murray

Managing Director

Robert holds the ACIB Banking Diploma and has over forty years' banking and finance experience. He has extensive experience in lending to personal, corporate and international customers. He is one of the founding directors of PCF Group plc.

Andrew Barber

Head of IT

Andrew joined PCF Group in June 2002 and is responsible for developing and managing the IT and cyber strategy within the Group. Andrew oversees the management of systems, operational resilience and third-party vendor management. As a PRINCE2 Registered Practitioner, Andrew is instrumental in ensuring change is managed successfully within the Group. Andrew is a member of the Smaller Banks Operations & IT Forum (SBOITF) and is one of the founding members of the recently established Specialist Bank Security Forum (SBSF).

Gerald Grimes

Head of Commercial Development

Gerald joined PCF Group in July 2018 to help focus on the introduction of new products and markets and to head up Business & Broker Development. He comes with a wealth of experience in financial services with GE Capital, The Funding Corporation and as Managing Director of Hitachi Capital. Until recently, Gerald was a board director of the FLA and serving as Chairman for a number of years and was a member of the Bank of England Consultative Committee. Gerald now acts in an advisory capacity to the FCA and serves on their Smaller Business Practitioner Panel (‘SBPP’).

Jason McCabe

Head of Risk & Compliance

Jason joined PCF Group in October 2016 and is responsible for the chief risk, compliance oversight and money laundering reporting senior management functions. He has over 15 years’ experience in risk management and compliance and joined from Royal Bank of Canada, where he spent 8 years in various senior roles, including the Global Head of Operational Risk for Treasury Market Services and the Chief Risk Officer for RBC Investor Services UK.

Jim Coleman

Head of Treasury

Jim joined PCF Group in October 2016 to oversee the establishment of a Treasury function in preparation for bank mobilisation in 2017. Since mobilisation, he is responsible for funding, liquidity and asset and liability management and funds transfer pricing. Jim has over 30 years’ experience of bank and building society financial management, is a Fellow of the Association of Corporate Treasurers and holds an MBA from Imperial College Business School.

Corporate Governance and the Board of Directors

The Board consists of 5 non-executive and 3 executive directors and is chaired by Tim Franklin, an independent non-executive director. The Nomination and Remuneration Committee considered the appropriateness of the Board’s composition during the year and concluded that it has the appropriate mix of skills and experience to fulfil its responsibilities. The Board meets no less than 9 times a year and its primary responsibility is to provide leadership to the Group, set the Group’s strategic objectives and to develop robust corporate governance and risk management practices. The Board delegates specific powers to other committees, details of which are set out below.

Executive Committee

The Executive Committee (ExCo) consists of 3 executive directors and the senior management of the Group with functional responsibilities. It is chaired by Scott Maybury and meets monthly to deliberate and take policy decisions on the effective and efficient management of the Group. It also serves as a processing forum for issues to be discussed at the Board level. ExCo’s primary responsibility is to ensure the implementation of strategies approved by the Board, provide leadership to the management team and ensure efficient deployment of the Groups resources, including capital and liquidity.

Audit and Risk Committee

The Audit and Risk Committee (ARC) consists of 3 non-executive directors and is chaired by Christine Higgins, an independent non-executive director. ARC meets no less than 4 times a year and is primarily responsible for monitoring the integrity of the Group’s financial statements, the effectiveness of the internal audit function and external auditor, and the effectiveness of the internal controls and risk management systems.

Nomination and Remuneration Committee

RemCo has delegated responsibility from the Board for reviving the structure, size and composition of the Board, the performance of the executive directors, succession planning and remuneration of the directors and other senior executives. Membership of RemCo is limited to non-executive directors and chaired throughout the year by David Titmuss. Where appropriate, RemCo consults external advisers on remuneration and regulatory issues to align with the strategic aims of the Group and regulatory compliance requirements. 

Remuneration Policy and Disclosures

The approach taken by PCF Group plc (“Group” or “PCF”) in respect of remunerating its staff emanates from a combination of regulatory guidance and in particular the dual-regulated firm’s Remuneration Code SYSC 19D, as appropriate for Level 3 firms, and the rules on remuneration as published by the Prudential Regulation Authority (PRA) and Financial Conduct Authority (FCA). Due to the size of our business, the Group applies the dual-regulated firm’s remuneration principles proportionality rule, SYSC 19D.3.3R (2), to ensure the practices and processes we promote are appropriate to our size, internal organisation, and the nature, scope, and complexity of activities. In applying PRA and FCA guidance, PCF classifies its employees as either Code or Non-Code Staff. Code Staff are comprised of Executive and Non-Executive Directors, and other Code Staff which includes Senior Managers covered by the Senior Managers Regime. No staff have been classified as Material Risk Takers. Other key individuals are covered under the scope of the Conduct Regime. Information on the Group’s Remuneration Code is set out in its Pillar 3 Remuneration Disclosures in the Financials subsection of the Investors section of our website www.pcf.bank in March 2019.