Business
Director Appointment
Director Appointment.
About this update from Orchard Funding Ltd.
[{"type":"text","content":"\n \nRNS Number : 0439W Orchard Funding Group PLC 06 February 2017 \n\nOrchard Funding Group PLC\n(\"Orchard Funding Group\" or the \"Company\")\nAppointment of Non-Executive Director\nOrchard Funding Group PLC, the finance company which specialises in insurance premium finance and the professions funding market, is pleased to announce the appointment of Mr Iacovos Koumi, as a Non-Executive Director of the Company, with immediate effect.\nMr Koumi has over 35 years of experience in the financial services sector. Mr Koumi spent 16 years at Bank of Cyprus UK, joining as chief financial officer and later being appointed as chief executive, where he led the transformation and modernisation of the bank and oversaw the broadening of its deposit base. Mr Koumi also served as group finance director at Ansbacher investment banking group for a period of five years, where he was responsible for strategy, finance, risk management and systems. Prior to that he was a corporate finance director at Ansbacher, advising smaller quoted companies in various sectors on takeovers, disposals, listings, fundraisings and reconstructions. By profession he is a chartered accountant, having qualified at KPMG in London. Mr Koumi is currently a strategic consultant, predominately within the financial services sector, and he serves on the boards of a number of companies, including NETinfo Plc and SME Markets Limited.\nRavi Takhar, Chief Executive Officer of Orchard Funding Group, commented:\n\"We are pleased to welcome Iacovos to the Board. With his banking and financial experience Iacovos will be able to help the Company in exploring options for further development of the business, which may include seeking a banking licence to broaden the Company's funding base.\"\nThe following disclosures are required regarding the appointment of Iacovos Koumi, aged 59, pursuant to Rule 17 and Schedule Two paragraph (g) of the AIM Rules for Companies:\n\n\n\n\nCurrent directorships and partnerships:\n\n\nPrevious directorships and partnerships:\n\n\n\n\nNETinfo Plc (incorporated in Cyprus)\nSME Markets Limited\nAllPay Limited (incorporated in Cyprus)\nExposure Organisation Limited\n\n\nBank of Cyprus UK Limited\nBank of Cyprus Financial Services Limited\nThermocore Medical Limited\n\n\n\n\nThere is no further information disclosable in respect of Mr Koumi's appointm...