Debt purchaser, Lowell has announced the appointment of John Pears, to the new role of UK Managing Director.  Pears will join the business later this year, subject to formal approval from the Financial Conduct Authority.

Pears will join Lowell’s UK and Group Executive teams and report to Group CEO, James Cornell. He will take charge of all the UK business; covering the Debt Purchase business, Lowell Financial, Fredricksons (which provides third-party services), and Lowell Solicitors.  These businesses together represent over 1,800 colleagues across Lowell’s Leeds and Tolworth sites.

In assuming this new role, Pears takes responsibility for developing and delivering the UK strategic plan, which is significant within the wider Group strategy.  Critical to the role will be strong leadership and embedding Lowell’s values to create dynamic, pioneering and ambitious teams who are respectful and compassionate to each other and to Lowell’s clients and customers.

Pears brings extensive experience in the UK & European consumer lending sector and debt markets, and of operations, risk management and data analytics: all key areas for Lowell. Pears’s most recent role has been as Director of Credit Risk and Operations at Shop Direct where, over the last 6 years, he drove significant business transformation across brands such as Very and Littlewoods. Before joining Shop Direct, Pears was the Consumer Risk Executive for Europe at Bank of America and he also held various, senior management positions at MBNA.

Lowell Group Chief Executive, James Cornell, said “I am delighted that John has agreed to join us and lead our UK businesses. He has a wealth of highly relevant experience and an excellent knowledge of our business already through his time at Shop Direct. “I look forward to working with him and, from the whole team at Lowell, I wish him every success.”

John Pears commented “I have known Lowell, and the team there for some time, so I am delighted to be joining them.  Their values and their customer-focused approach, along with their ambitious growth plans, make them a very attractive company to belong to.”