Jerrold Holdings Limited (“Jerrold”), the secured lender to the residential and commercial property sectors, today announces that Gary Jennison has been appointed to the new role of Deputy-CEO of the Group. Gary will be joined on the board of directors by Steve O’Hare who has joined as a non-executive director and represents Jerrold shareholder Equistone Partners Europe.
Gary Jennison, who also becomes CEO of Jerrold’s two retail operating businesses Blemain Finance & Cheshire Mortgage Corporation, has 35 years of retail banking and finance experience. He joins from Payzone, the payments processor, where he was managing director and oversaw a significant turnaround project. Prior to that he was Chief Executive of Secure Trust Bank, the retail subsidiary of Arbuthnot Banking Group, and before that he managed the UK branch network of Barclays Bank.
Steve O’Hare is a partner at Equistone Partners Europe and is responsible for leading Equistone’s investment activity in the North of England. He joined Equistone in 2004 from KPMG’s Corporate Finance department, where he qualified as a Chartered Accountant and gained an MBA.
Robert Michael McTighe, Non-Executive Board Chairman at Jerrold Holdings commented:
“I am delighted to welcome Gary and Steve to the board at such an exciting time for Jerrold. Their appointment comes after a successful year for the business. With our financial position strengthened by our inaugural bond issuance, Gary’s wealth of industry experience will be invaluable in ensuring that we make the most of increasing customer demand as the UK economy continues to recover.”