Arrow Global has announced that Rob Memmott, who has been in the business for six years, has decided to step down as Group Chief Financial Officer (CFO).

Paul Cooper, currently CFO of the international insurance business Sompo Canopius, will replace Rob as Group CFO and will join the Board when he starts on in January 2018. Memmott will stay with the business through to the end of February 2018 to ensure a smooth handover.

A qualified chartered accountant, Cooper is a highly experienced CFO with experience in financial services roles both in the UK and overseas. He joins Arrow Global from leading global insurance business Sompo Canopius Group where he has been in a variety of senior executive roles since 2013. He was previously a partner at Ernst & Young LLP in the Financial Services division, following five years as a Finance Director at the quoted insurer, Hiscox.

Lee Rochford, Group Chief Executive Officer of Arrow Global Group PLC, said “I am delighted Paul has been appointed as Group Chief Financial Officer and I look forward to working with him as we continue to successfully execute our growth plan I would like to take the opportunity on behalf of the Board to thank Rob for his significant contribution in transforming Arrow Global from a private UK-based debt purchaser into a quoted, pan-European leader in credit management services. We wish him all the very best for the future.”