IPF appoints new chief executive

LEEDS-based INTERNATIONAL Personal Finance (IPF) today revealed that it had appointed a new chief executive.

The company has appointed Gerard Ryan to its board as chief executive officer (designate).

Mr Ryan will also be a member of the executive committee. Following the completion of a planned hand-over period, Mr Ryan will become chief executive officer at the beginning of April when John Harnett, the current chief executive, leaves the company to pursue personal interests.

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IPF was formed in 1997 as a division of Bradford-based Provident Financial, the UK’s leading provider of home credit.

Mr Ryan has more than 20 years experience in the financial services sector. He spent four years with Citigroup where he was chief executive Officer for Citi’s consumer finance businesses in the Western Europe, Middle East and Africa region.

He was a director of Citi International, Egg and Morgan Stanley Smith Barney UK. Earlier in his career, Mr Ryan was chief financial officer of Garanti Bank, Turkey and chief executive of GE Money Bank, Prague. Christopher Rodrigues, the company’s chairman, said: “We are delighted to welcome Gerard to the board. His multi-country experience in consumer financial services makes him ideally suited to become John Harnett’s successor and will provide the company with excellent continuity of leadership.”

Mr Harnett said: “I am proud to have worked alongside and led a great team at IPF through the exciting period of demerger and transition to a public listed company. We can all be proud of the success we have achieved together over the past six years.”