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Target Group hires Iestyn Evans as new CFO

Target Group, the business process outsourcing and operational transformation provider, has today announced the appointment of Iestyn Evans as the group’s new Chief Financial Officer (CFO).

Evans joins Target from Amicus Finance PLC, a fast-growing specialist lender, where he was Group Finance Director and responsible for leading the finance function and supporting the creation of a specialist bank. Evans has also previously held senior leadership roles at Lloyds Banking Group, Cambridge and Counties Bank and Omni Partners LLP, a leading Alternative Investment Manager. He will report into Co-Group CEO Ian Larkin.

With a wealth of experience within financial services, banking and lending industry, Iestyn will be responsible for overseeing the financial management of the company and helping to drive its ambitious growth plans.

Commenting on his appointment, Evans said: “Target Group is a dynamic business and now is a very exciting time to be joining. It has just posted its fourth consecutive year of growth and is geared up to continue its impressive trajectory following the acquisition by Tech Mahindra last year. It is a major player in business process outsourcing and operational transformation across a range of sectors and continues to go from strength to strength.  I am absolutely thrilled to be joining such a significant success story”

Ian Larkin, Co-Group CEO at Target Group, said: “I am delighted Iestyn has joined the team at Target.  He brings extensive market knowledge that is directly relevant to our business and to our clients and he has a great attitude to work and life.  Iestyn is an important addition to our Executive team and I look forward to working with him as we continue to help our clients to achieve their goals as we pursue our ambitious strategy.“

Target Group is a leading provider of Business Process Outsourcing (BPO) and operational transformation for over 50 major financial institutions across the globe, including clients such as Goldman Sachs, Morgan Stanley, Credit Suisse, RBS, Barclays and Shawbrook Bank.

Our leading fintech platform manages assets in excess of £24 billion, enabling our clients to automate complex critical processing, servicing and administration of loans, as well as investments and insurance.  We deliver competitive advantage and enable scalable growth.  Alongside BPO and software solutions, Target leverages deep domain expertise to advise on process improvement, due diligence, and regulatory compliance.

Target systems currently process over 19 million accounts and collect £3billion of direct debit payments each year on behalf of both private and public sector clients.