Debt Purchaser, Lantern has announced the appointment of veteran banking executive Gary Jennison as Non-Executive Chairman. William Ballmann, partner at Gateley PLC, who has been serving as Non-Executive Chairman of Lantern since 2016, will remain on the Board as a Non-Executive Director.

With over thirty years’ experience in banking and lending, Jennison was most recently CEO Europe at The Warranty Group. Prior to this he was Group Deputy CEO for Together Finance. He is currently Non-Executive Chair of Orchard Finance PLC and Non-Executive Director of Admiral Financial Services.

In addition to Jennison, Lantern has also confirmed a series of further senior appointments:

  • Matt Subert has been hired as Acquisition Director. He joins from Moriarty Law where he has been Sales Director for the past two years and will sit on the board of Lantern as an Executive Director
  • Danielle Hatcher has been appointed as Director of Operations, joining from Royal & Sun Alliance
  • Chris Brown joins from Provident Financial as Director of Audit, Risk and Compliance
  • Craig Harris has been appointed as Director of Pricing and Analytics having previously worked at Lowell/BW Legal

Commenting on the appointments, Denise Crossley, Chief Executive Officer of Lantern said “These are significant and highly experienced additions to our business. Together, their skillsets and decades of work in the industry enable us to dramatically increase our coverage, purchasing power and capabilities for our customers.  All five appointments strengthen our Board and Executive team, allowing us to accelerate our growth towards being the largest niche purchaser in the high cost and HCST sectors.

In addition to the appointments, Lantern has also announced that founders Neil Petty and Barnaby Page will be stepping down from the Board and relinquishing all executive responsibility in the firm.  Both will remain Directors of Copper Street One Ltd and remain shareholders of Lantern, where their input will remain invaluable to the management of the firm to continue to build Lantern into a market leading debt purchaser.