Target’s loan and mortgage servicing clients include Yorkshire Building Society, Shawbrook and Central Trust.
Ian Larkin and Bill Alley have also been promoted to the role of co-group CEO, with all changes subject to Financial Conduct Authority (FCA) approval.
Richard Houghton, previously chairman, will remain on the Board as Senior non-executive director and Steve Haggerty and Colin Dickie have also joined the Board as Non- Executive Directors.
With Lloyds, Virgin Money and McKinsey on his C.V, Larkin’s primary focus will be on business development and franchise growth.
Alley will have a primary focus on technology solution delivery, servicing operations and client engagement.
Paddy Byrne said: “Target has developed successfully over the past few years and I am very proud of the results we have achieved during this period. It is testament to the strength and depth of our teams that we are able to deliver this change from within our organisation. The changes announced today will allow us to take the next step in our development. I am delighted to be leading the Board as Target Group continues its successful trajectory.”
