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News & Insight

01 October 2021

Board appointments

The Board is pleased to announce that Caroline Richardson and Garry Stran have been appointed to the Board, effective 5 October 2021 having now confirmed their regulatory approvals.

Garry Stran (interim Chief Executive Officer)

Garry is an experienced Financial Services professional and has previously had roles within banking, credit management, corporate finance, advisory and most recently in the Fintech sector. Previously, Garry was a non-executive director of Computershare Loan Services Ltd for six years including chairing the Audit and Compliance Committee for part of that time. Garry joined PCF Group in July 2020 and initially assumed the role of Chief Operating Officer in January 2021. He assumed the role of interim chief executive on 21 May 2021.

Caroline Richardson (Chief Financial Officer)

Caroline has significant experience as a finance director, most recently as CFO and Board Member at White Oak UK, where she was responsible for the Finance and Treasury teams. During her 25 years of experience in finance and banking, Caroline has developed significant listed entity and banking expertise through her roles as Group Finance and Transformation Director at Arrow Global plc, her role as Chief Accounting Officer of the Co-operative Bank plc and during nearly twelve years at Deutsche Bank, latterly as UK Finance Director. Caroline's experience, notably at the Co-operative Bank plc has included close liaison with the Prudential Regulatory Authority. Caroline is a qualified Chartered Accountant and has a First-Class Honours Degree in Economics from the University of Hull. Caroline joined the firm on 15 March 2021.

Tim Franklin, Chairman, said:

"I would like to thank both Garry and Caroline for the leadership they have shown over the past few challenging months. Their guidance and experience have been invaluable, and I have no doubt that their appointment to the Board will help place PCF Bank on a strong footing as we look to position the Group for the future."
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