LONDON: Amigo Holdings PLC, a leading provider of guarantor loans in the UK, announced Jonathan Roe will join the Board as Non-Executive Director and Chairman designate.

Jonathan’s appointment as a Non-Executive Director is expected to be effective from 1 August 2020. His appointment as Chairman will be subject to approval of the Financial Conduct Authority under the Senior Managers Regime.

Jonathan has extensive experience of advising listed and regulated companies. He has 25 years of experience advising public companies on major corporate transactions, principally with Dresdner Kleinwort as a senior member of their Equity Capital Markets team, where his clients included Norwich Union, Orange, Rosneft, HBOS and M&A and related fund raising activity for BAE Systems, 3i Group, Provident Financial and Avis Europe.

Jonathan was recently Non-Executive Chairman of Vanquis Bank for three and a half years, having been a Non-Executive Director for four years prior to his appointment as Non-Executive Chairman. He has experience of chairing the Remuneration, Audit, Nomination and Risk Committees of Vanquis Bank. Jonathan was a Non-Executive Director for Automobile Association Insurance Services Limited for six years where he chaired its Audit Risk & Compliance Committee and Remuneration Committee.

Jonathan will also take over the Chairmanship of the Nomination Committee at Amigo from the current acting Chairman, Roger Lovering, following a suitable handover period. He will also be a member of the Remuneration and Risk Committees.

Roger Lovering, acting Chairman said: “We are delighted to welcome Jonathan to Amigo and also to the Board. His tremendous commercial, regulatory and public listed experience, including with customer focused businesses, will be a valuable addition to our Board.”

Jonathan Roe, Non-Executive Director and Chairman designate said: “I am delighted to become Amigo’s new Chairman. I am joining a team where everyone shares a common belief in Amigo’s business and product, as well as its ability to serve its current and future customers’ needs. I do not underestimate the near term challenges that Amigo is facing and fully recognise the uncertainties that many of our customers are currently facing too.”

Following the appointment of Jonathan, the total number of Directors on Amigo’s Board will consist of three independent Non-Executive Directors, including the Chairman designate and two Executive Directors. The Board of Amigo is continuing its dialogue with several potential candidates about further Non-Executive appointments.