Change in Senior Management Team

RNS Number : 0369F

GLI Finance Limited

12 May 2017

 

12 May 2017

GLI Finance Limited ("GLI" or the "Group")

Change in Senior Management Team

GLI announces that Russell Harte, Chief Operating Officer, will be leaving the Group with effect from 1^st July 2017.

The Board is pleased to announce that Aaron Le Cornu, most recently CFO of Elian, will be appointed as Chief Operating Officer from 1^st July 2017. Aaron's role will span across GLI Finance and Sancus BMS Group, reporting into Andy Whelan.

Prior to Elian, Aaron qualified as a Chartered Accountant with Arthur Andersen and then with HSBC in London and Jersey. While at Elian he was instrumental in the management buy-out of Elian from Ogier, alongside Electra Partners, its successful growth and subsequent sale to Intertrust Group.

Commenting on the announcement, Andy Whelan, CEO of GLI stated:

"On behalf of the Board I would like to express our gratitude to Russell for his contribution to the Group.

Over the past 12 months, Russell has played a leading role in the Group's 2016 strategic review, in particular in formalising the Two Pillar structure which is now central to the Group's value proposition. Russell improved financial risk management and compliance systems, and created an effective IT team which has made excellent progress enhancing the Group's online and other operational systems.

I am delighted that, although he is moving to live in Sydney, he will continue to be available to the Group in a consulting capacity.

I would also like to take the opportunity to welcome Aaron to the Group. Aaron's deep financial sector expertise and commercial acumen will prove invaluable as we grow the business."

Commenting on the announcement Aaron Le Cornu stated:

"I am delighted to join GLI at such an exciting time. I can see the hard work which has gone into the Group in repositioning its offering, and I look forward to helping Andy and the rest of the management team in driving its growth."

For further information, please contact:

Enquiries

GLI Finance Limited

Andy Whelan

[phone]

Liberum Capital (Nominated Adviser and Broker)

Steve Pearce

Chris Clarke

Jonathan Wilkes-Green

[phone]

Instinctif Partners (PR Advisor)

Tim Linacre/Nick Woods

[phone]

About GLI Finance

GLI is an AIM listed innovative alternative finance business, which owns a niche SME lender, Sancus BMS that operates in 6 jurisdictions -  UK, Ireland, Jersey, Guernsey, Gibraltar and the Isle of Man, and a portfolio of emerging FinTech SME-focussed lending platforms that are located on 3 continents. 

 

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