3 November 2016 – Manchester based Financial technology specialist PBF Solutions has appointed Rod Hyde as Chairman to help guide the company through its next phase of growth.
Rod has an established reputation in the venture capital market, consulting on corporate financing for companies preparing for external capital investment. As Chairman, Rod will work with PBF’s senior management team to plan the company’s next stages of development. He was Chief Executive of Hasgrove, an AIM listed corporate communications, digital and design business, before retiring from the role in late 2011. He is now non-executive chair of three companies, dividing his time between this and pro-bono work.
Kevin Mountford, CEO of PBF Solutions said: “I’m excited to be working with Rod. He has an impressive track record in guiding businesses as they scale their operations, and ensuring they continue to deliver real value to stakeholders. He will be an major asset to the board and a key driving force behind our next phase of growth.”
Rod Hyde said: “What appealed to me about PBF is that it occupies a unique position; helping challenger banks to reach wider markets and enabling both businesses and consumers to explore and take advantage of alternative financial products that give better returns than high-street banks. With interest rates at a historic low, PBF is ideally positioned to help new entrants to the banking sector achieve their customer acquisition targets, and to help people explore the savings options to make the most of their investments.”
PBF has had a strong twelve months, signing new agreements with challenger banks Axis Bank UK, UBL and Habib Bank Zurich to help them attract new customers, and raise awareness and uptake of their consumer financial products. PBF also launched Your Business Money - an online portal that helps businesses compare and choose the best-value business banking for their individual needs. Following the launch, PBF partnered with the Forum of Private Business (‘The Forum’) to give its 12,000 member businesses direct access to the portal.
The company has also partnered with the Daily Mail Group to provide a peer-to-peer savings comparison service to users of the newspaper’s financial section www.ThisisMoney.co.uk. The service is powered by PBF’s independent peer-to-peer comparison engine, www.fundshare.co.uk. PBF has helped its clients secure over £2 billion of new retail and business deposits and investments and over 100,000 new customers since it was established in 2012.