Executive Changes: TDX Group Expands Senior Team

On the back of an exciting growth year where TDX Group added a new business line with the launch of the Insolvency Exchange and more than doubled the number of staff, the company has made a number of key appointments to its senior management team.

Mark Sanders will join in January 2007 as Chief Operating Officer, with overall delivery responsibility across TDX Group’s core service offerings. Mark has nearly 15 years experience in the UK financial services sector including senior roles with Capital One, First Direct and LloydsTSB. While at Capital One he held executive level roles in sales, marketing and analysis, fraud and risk operations. He established their personal loan and savings business in the UK and was most recently VP for Service Operations across all of European product offerings.

John Telford, who joined TDX Group at the beginning of December, will head the company’s Debt Sale Brokerage business. He has over 20 years experience in debt purchase, financial services, credit services and recoveries management. Previously, John was Senior Vice President at OSI, one of the leading debt purchasers and debt management outsourcers in the US market, managing 750 people across 120 offices in the US and Puerto Rico. Prior to OSI, John was SVP and General Manager of the Thomas Cook Financial Services Group and has worked in the UK, France, Canada and the US.

Jason Incles joined TDX Group in November as head of commercial and supplier management. Jason was most recently Senior Commercial Manager at Experian, leading the commercial team responsible for the Marketing Services business unit.

Margaret Bowen also joined TDX Group in November as Head of HR. Margaret has over 25 years experience in senior HR and people management roles. She was most recently Director of HR for Boots, leading their resourcing, development and recruitment functions responsible for an HR team of 40 people.

Mark Onyett, CEO, TDX Group said “We have been searching for some time for the right candidates to help lead the long term growth of TDX Group and I am delighted we have people of Mark, John, Jason and Margaret’s calibre joining the team. Their experience and expertise will be a great asset as we continue the growth and development of our business and will benefit our clients through improved performance and innovation. They also bring great strength in people development and management which is an area we have always been committed to investing in and believe will be core to our future success. “

TDX Group is the leading provider of analytics-based debt management. Over the last three years with this unique approach, they have begun to revolutionise the debt industry.

The company sells over 40% of all debt sold in the UK; manages debt portfolios for a number leading financial services companies, utility providers and debt portfolio owners; have recently launched The Insolvency Exchange to provide an industry-wide solution for IVAs; and are one of the UK’s fasted growing companies. Because of its unique intermediary position, TDX Group has a client focus that is independent of collection agencies, debt purchasers, insolvency practitioners and technology providers. The company’s breadth of services and scale of operations gives it unrivalled data on debt sale, debt purchase, IVAs and recoveries strategy and performance. This data, when combined with TDX Group’s core analytics capability, supports its analytics-based debt management approach. TDX Group works for creditors and debt portfolio owners to deliver improved returns from their semi- and non-performing assets. Key clients include Halifax-Bank of Scotland, HSBC, Alliance & Leicester, Capital One and Powergen.