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Paddy Byrne joins Target as CEO

Paddy Byrne has been appointed as CEO of Target Group and will join the Board of Target Servicing Limited (subject to FSA approval).

With more than 20 years' experience in senior management roles, Paddy brings a strong track record of business development and growth to Target.

Paddy was the Head of the UK region for Xchanging plc, the business process and technology services provider and integrator. In this capacity he had responsibility for a business with over £450m in revenues and 2500 employees and was a member of the Executive Board. His responsibilities covered outsourcing services such as HR, IT, Procurement and complex back office processing for Financial Services to a blue chip client base. He was also responsible for Xchanging’s Insurance Software business. Paddy began his career at Xchanging as Head of Technology Services where he achieved significant growth. Paddy joined Xchanging from HMRC where he was Business Solutions Director and a member of the Technology Board prior to that he worked at QBE European Companies Operations Limited where he was CIO.

Paddy has been a member of a number of CIO advisory boards for major IT vendors and was on the board of CIO-Connect the preeminent affinity group for CIOs in the UK.

James Rudolf, currently Group Managing Director, will move to Deputy CEO with responsibility for the Sales, Commercial and Corporate Development activities for the Group as it looks to take advantage of the growing market for outsourced financial services. James Snow will become Sales & Marketing Director and report to James Rudolf.

Richard Houghton, Chairman, said, "Paddy brings a wealth of highly relevant market experience to our business of financial services software and business process outsourcing. His vision and track record of business growth will provide additional impetus to our vision of being the leader in our market of financial services software and services."