pancredit founder returns to the front line

Leading lending solutions provider pancredit systems limited is once again under the leadership of its original founder Peter Constance.

Peter is returning to the role of managing director of the company, which he set up in 1988 with the specific aim of developing a fully integrated lending and leasing system to meet the demand from medium to large financial institutions. He was managing director for almost 10 years, during which period the company enjoyed spectacular growth, winning a number of performance awards. Peter moved to a non-executive role in 1997. Now, with the departure of Alex Stephen, he is again taking on the challenge of leading the company.

"Its great to be back at the helm again as this is a very exciting time for pancredit," Peter Constance says. "All the customers have been incredibly supportive during what could have been a difficult transition but has actually turned out to be remarkably smooth. I am looking forward to once again working closely with them and also with the incredibly talented team here."

"I am also very grateful to Alex Stephen for the hard work he put into the company during his time as Managing Director and we all wish him the very best for the future. However now that I am back as Managing Director, we once again have an owner-managed business and I am confident that we can repeat some of the successes of my previous time in the role and achieve the true potential that pancredit has always had," Peter Constance continues.

Peter Constance has also announced the appointment of Nigel Young as the new director of sales. Nigel joins pancredit after four years as a Regional Manager for SAS Institute where he more than doubled sales in his geography. He has a background in financial services and has spent most of his working life with IT multi-nationals such as Digital, Sequent and Sun, selling into major accounts.

pancredit systems has been working with lenders since 1988 and encompasses personal lending, motor finance, asset finance and insurance premium finance. The company’s end-to-end solutions are used by some of the world’s largest lenders. In 2001, pancredit acquired Field Solutions, adding market-leading financial calculation tools and low-end solutions to its portfolio.

Following its success in the UK market, pancredit has just completed a major re-development of its corporate identity and website.

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