Non-Standard Finance Strengthens Board
Toby will also join the Board's Audit, Risk, Remuneration and Nominations & Governance Committees. Toby Westcott is a Partner at Alchemy Partners, the Group's 29.95% shareholder having joined Alchemy in 2008 from Hawkpoint Partners where he specialised in mergers and acquisitions in the financial services sector.
Toby has a degree in Mathematics from the University of Warwick and is a Chartered Accountant having also spent part of his previous career in corporate finance at Grant Thornton. There is no further information that is required to be disclosed under paragraph 9.6.13R of the Listing Rules.
The Board also announces that it has been informed by Professor Heather McGregor that she will not be standing for re-election at the Company's 2021 Annual General Meeting and so will step down from the Board at that point.
Shares in NSF have been particularly volatile throughout the Covid-19 pandemic, but have stabilised over the past three months to trade between 3.72p and 6.20p
Commenting on today's announcement, John van Kuffeler, Group Chief Executive, said: "I would like to welcome Toby to the Board who I know will be a valuable addition given his considerable experience of the UK financial services sector and given Alchemy's previous investment in Everyday Loans, the Group's largest business."
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