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Issue Date: 6th September 2007

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Target Group strengthens team with two new additions

Target Group, the financial software and services organisation which operates in the consumer and commercial loan markets, has appointed Colin Davis as Account Director and Steve Richards as Business Development Manager. Their appointments highlight the additional services of consultancy and business process outsourcing that Target now offers the mortgage and loan markets.

Colin Davis has been appointed to head up the management and development of Target’s existing clients and will be responsible for developing added value for clients. He will work closely with Target’s senior management and the consultancy team to ensure clients take advantage of the company’s depth of expertise in financial services as well as its proven software solutions. Colin joins Target with over 13 years’ experience in financial services and considerable knowledge in client relationships, change management and affinity partnership development.

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Steve Richards, Target’s new Business Development Manager, has been appointed to develop new client relationships and revenue streams with particular focus on Target’s business process outsourcing subsidiary, Target Loan Servicing (TLS). TLS is a niche UK provider of outsourced business services and technology solutions with expertise in consumer and commercial finance. Steve joins Target with extensive outsourcing and financial services industry experience gained with a number of organisations including IBM, LogicaCMG and HBOS Bank of Western Australia.

Colin Davis, Account Director, commented: “Target has been successful in developing software solutions for lenders for 27 years, but we have evolved with the market’s needs and have vast experience of processes, data, business improvement and strategy development. These areas are all key in creating extra value and I look forward to capitalising on them as I develop close relationships with our clients.”

Steve Richards, Business Development Manager, added: “Target Group’s robust software platforms and expertise in secured, unsecured and commercial lending combined with TLS’s front and back office processing expertise offers a unique proposition to the UK financial services marketplace. We are strongly positioned to offer niche services to a range of financial institutions, in particular startups and first charge lenders seeking to diversify their product offerings. Our business is growing and this is an exciting time to join the Target Group."

For further information contact
Gemma Polding, Marketing Executive - Tel: 029 20301593
Target, Target House, Cowbridge Road East, Cardiff, CF11 9AU
Tel: +44 (0)2920 301 401
email: gemma.polding@targetgroup.net
Website: http://www.targetgroup.net

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