Executive Change: PIC Solutions Announces Board Appointment

The Board of Directors of PIC Solutions announced that Ian Read has joins the Board as Director effective 16 February, 2010.

Ian Read joined PIC Solutions in December 2006 as “Executive Vice President – General Manager” charged with the responsibility of developing the Middle East Africa region.

Read has an exceptional background in the credit risk and management industry spanning over 25 years. For the initial decade of his career, Read gained experience in both retail and commercial lending practices at numerous British and international financial service organisations, including National Westminster Bank plc and JCB Credit and Associates Capital Corporation (Citicards).

Prior to joining PIC Solutions, Read worked extensively within the international credit risk consulting and ICT marketplace for various companies including Experian, Jaywing and FICO [formerly Fair Isaac]. He has shared this extensive knowledge and expertise with clients in over 20 different countries, offering them advice on best practice consumer/SME risk management and credit marketing methodologies. Read holds the UK Finance Houses Diploma with Merit.

"Ian Read’s experience on the board will deliver additional momentum to the development of the Middle East as a strategic base," said David McAlpin, Chief Executive Officer at PIC Solutions. "We appreciate Ian Read’s contribution to PIC Solutions and therefore would like to take this opportunity to welcome him wholeheartedly to the Board of Directors".

About PIC Solutions
PIC Solutions is the leading specialist credit risk solutions company in the EMEA region. With offices in Cape Town, Dubai and Johannesburg we deliver integrated analytics, consulting and software solutions to over 180 companies in 80+ countries. We work worldwide with organisations to raise their performance, drive their strategies and enhance their profitability.