Executive Change: Roger Davis Named Non-Executive Chairman of Cabot Credit Management

Cabot Credit Management, the UK’s leading acquirer and manager of consumer debt, has appointed former CEO of Barclays UK Banking, Roger Davis, as Non-Executive Chairman with effect from 1 October 2011.

Roger Davis

Roger is currently a Non-Executive Director and the Remuneration Committee Chairman of Experian Plc, the leading global information services company, and spent nearly a decade at Barclays, with senior roles at BZW and Barclays Capital before latterly being appointed CEO of UK Banking, with responsibility for 45,000 employees and £6 billion revenues. He retired from Barclays in 2005 and is currently Chairman of the Boards of Gem Diamonds Plc and GRC, the private defence company.

Cabot Credit Management offers independent, specialist services in debt purchase, contingency collections and customer tracing and currently has over £6.3bn face value of purchased assets and over £1bn face value of third party managed assets through its independent brands Cabot Financial, Apex Credit Management and Apex Discovery Solutions.

Neil Clyne, Group Chief Executive of Cabot Credit Management, said, “Roger will add valuable experience to the Board of Cabot Credit Management and we are delighted he has chosen to accept this important role. We have no doubt that his sector knowledge, relationships and hands-on management experience will facilitate our drive for growth and enhanced profitability over the coming years”.

The Cabot Credit Management Group is the UK’s leading acquirer and manager of consumer debt. It was formed in April 2011 following the acquisition of Cabot Financial by AnaCap Financial Partners and its subsequent merger with Apex Credit Management.

The Group focuses on providing specialist services to clients through its independent brands:

• Debt purchase – Cabot Financial
• Contingency collections – Apex Credit Management
• Customer tracing – Apex Discovery Solutions

A key aspect of the Group’s commitment to these core activities is the emphasis placed on an ethical approach to its dealings with customers.

Cabot Credit Management has purchased assets of £6.3bn and third party managed assets over £1bn, with cash collections in excess of £17m per month.