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Arrow Global to assess new debt purchase sectors
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Arrow Global to assess new debt purchase sectors
Debt buyer Arrow Global will consider new market sectors and European countries to purchase debt in this year on the back of strong results in 2013. The firm’s chief executive, Tom Drury, told Credit Today that Arrow Global was considering markets such as car finance and different geographies in Europe as possible areas of expansion. He said these areas would be considered alongside sectors such as student loans and second lien mortgages, where the business already has a presence beyond its core financial services core market. It follows a 73% rise in pre-tax profits after exceptional items for the debt buyer in 2013, as it reported its first set of annual results following its successful stock market flotation in October last year.....Read more hereTags: None
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