Tesco Bank founder Andy Dewhurst joins innovative alternative finance provider George Banco as non-executive director.
Andy Dewhurst has joined alternative finance provider George Banco as Non-Executive Director with immediate effect.
Andy spent 25 highly successful years with Tesco across a range of industry sectors including Retail Banking, Telecoms & Food Retail. As the Founding Director of Tesco Personal Finance (now Tesco Bank), he took the company from start-up to 4m customers and £150m profit, before becoming the first CEO of Tesco Telecoms and creating Tesco Mobile.
His Board Advisory roles have included ING Direct and O2, where he worked on O2 Money and O2 Media, while his formal Non-Executive Director roles cover a wide variety of sectors including Personal Finance, Telecoms, Marketing, Retail and Utilities. Andy has significant experience in growing business start-ups into highly profitable organizations.
He joins personal finance provider George Banco and a management team with over 120 years of consumer finance experience. The company is proving, through rapid growth, that innovative technology-driven solutions can help improve the turbulent alternative finance market.
Marc Howells, Managing Director of George Banco, said: “We are delighted to welcome Andy to George Banco as non-executive director. He is ideally placed to move the company forward with his experience and expertise within the industry and this will provide considerable value to the company as we accelerate during this time of extraordinary growth. Our ability to attract individuals of Andy’s quality is a testament to what we are building at George Banco and it demonstrates the commitment of the Board in creating a household name in the UK that’s respected by its customers, partners and the regulator.”
For more information, please see George Banco and Andy Dewhurst
Notes for editors:
About George Banco
George Banco, the FCA regulated, alternative finance solution for UK consumers, offers personal loans for typically £1000 – £7,500 at representative 49.7% APR (fixed), supported by a creditworthy guarantor.
The company launched in March 2014, establishing its position in the alternative lending sector by providing struggling UK consumers with a guarantor loan. George Banco is a unique financial solution as it gives borrowers the quick access to finance they require. The approval process is more thorough and faster than any of its peer group as the business is driven by a state-of-the-art technology platform. Consumers experience a swift end-to-end application but the loan assessment is more stringent as the affordability of both guarantor and borrower is evaluated. The George Banco management team have over 120 years’ experience in technology and consumer finance and their core objective is to give UK consumers a financial solution that will satisfy their need for capital but also benefit customers’ long term financial position.
Geremy Thomas – Chief Executive Officer
A serial entrepreneur with a successful track record in the telecommunication, tourism and environmental services. Geremy has a proven instinct for providing products and services to consumers in innovative and creative ways to satisfy their needs.
Geremy co-founded The Carphone Group Plc. In the late 1980’s and grew the business to exceed 10% market share before selling to Cable & Wireless. This was followed by the creation and listing of PNC Telecom Plc. Geremy has also founded a number of other successful technology organisations as well as environmental and tourism companies.
Marc Howells – Managing Director
Marc started his finance career with HFC Bank in 1985, then moved to CitiBank, Barclays and a subsidiary of PPF Banka. During his career, he has worked across 11 countries up to Managing Director and CEO levels.
Marc has considerable experience in building management and leadership teams across many countries, with P&L responsibility of consumer portfolios up to £13bn. He is experienced in starting up unsecured lenders, having initiated 5 unsecured lenders around the world. He has been Fellow of the Institute of Credit Management, and The Institute of Management since 1999.