Link Financial Group Appoints Lindsay Town as Non-Executive Director

Oct 12, 2010, 00:58 ET from Link Financial Group

LONDON, October 12, 2010 /PRNewswire/ -- Link Financial Group ("Link"), the leading European receivables management company, today announces the expansion of its Board through the appointment of Lindsay Town as a non-executive Director.

Lindsay has more than 30 years' experience in the world of banking and, in particular, the motor financing and leasing market which is one of Link's areas of strength. He held senior positions at Lloyds Leasing and PricewaterhouseCoopers prior to joining Halifax plc to lead their asset finance business which developed into a divisional board level role within the combined HBOS group. His responsibilities included the acquisition and integration of the Lex and the Hill Hire rental businesses which represented GBP12bn of assets and over 2,750 employees. In April 2009, Lindsay retired from HBOS and established a specialist consulting business focusing primarily on portfolios and businesses within the asset finance industry.

Lindsay was also previously a board member of the Finance & Leasing Association and is a Fellow of the Institute of Bankers in Scotland as well as being a regular public speaker and commentator on industry matters.

Philippe Paillart, Chairman of Link Financial Group, commented: "I am absolutely delighted that Lindsay is joining our team at Link. His extensive experience, both in the UK and cross border debt and leasing markets, will be a valuable asset to the Group as we look to build on our leading positions in the European debt purchase and servicing markets."

Paul Burdell, CEO of Link Financial Group, added: "Lindsay is one of the most experienced figures in the auto and asset finance area, so I look forward to working alongside him, and to seeing the company benefit from the additional complementary skills and knowledge he will bring to the Board on both operational and business development fronts."

Lindsay commented on his appointment: "I am very pleased to be joining Link. I have been impressed by the progress the company has achieved to date and I look forward to helping the management team to achieve their ambitious plans for the future."

Notes to Editors:

Link Financial is a leading European purchaser and servicer of performing and non-performing receivables. Link partners with most of Europe's major lenders, manages a portfolio exceeding EUR5 billion and employs over 500 people in contact centres in the UK and across Continental Europe.

In 1998 we were one of the founding members of the industry and have been at the forefront of innovation ever since. Our proprietary operational platform allows us to service a range of asset types from within and outside the financial services industry.

    For further information:

    Paul Burdell, CEO                                    +44(0)20-7793-2670
    Link Financial Group

    Andrew Jaques/Nick Denton/Ian Payne                  +44(0)20-7357-9477
    MHP Communications

SOURCE Link Financial Group