Executive Change: Ian Savage to The Sigma Financial Group as CFO

The Sigma Financial Group Limited is pleased to announce that Ian Savage has joined the Company as Chief Financial Officer with effect from 1st November 2011. The appointment of Ian as CFO completes Sigma’s management team comprising Tim Freeman as CEO, Mike Harfield as Managing Director Operations and Strategy, Gary Gilburd as Managing Director of Sales and Recoveries and Stephen Pike as Investment Director.

Ian is a qualified chartered accountant with 10 years’ experience acting as CFO for developing companies, often under private equity or institutional ownership. Most recently, Ian has been working for companies owned by AnaCap Financial Partners with his most notable postings being Interim FD of Aldermore Bank and, prior to joining Sigma, Interim CFO of Apex Credit Management.

Tim Freeman said: “We are delighted to welcome Ian to Sigma and are sure that he will be a valuable addition to the team. He understands our industry well and is a very forward looking CFO. Sigma is now completely ready for new business.”

Sigma currently provides contingency collection services in the UK to international and domestic financial and commercial clients. Sigma, with the backing of Cyrus Capital, will accelerate the build out of its business to incorporate white label collections through Sigma White, contingency collection services through Sigma Red and litigation services to be provided in partnership with HL Legal Solicitors. Sigma will also be acquiring portfolios of non-performing unsecured consumer loans.