Board of Directors

 

Executive directors

 

Rabinder (“Ravi”) Singh Takhar – Chief Executive Officer

 
Mr Ravi Takhar has over 25 years’ experience in the acquisition, growth, financing and disposal of financial businesses. Mr Takhar joined Bexhill UK Limited in 2002 and has led the growth of its business to its current size. Prior to creating the group, Ravi was an investment banker and head of Financial Services investment at Nikko, the Japanese investment bank, from 1998 to 2002 as well as chairman of Mortgages PLC, the mortgage lender. Mr Takhar was also head of Mortgage Principal Finance at Investec Bank PLC from 2005 to 2008. He qualified as a banking solicitor at Clifford Chance, a leading international law firm, and has an MA from the University of Oxford. Mr Takhar is currently a director of Urban Exposure plc, a position that he took up in April 2018. Mr Takhar believes that his role in Urban Exposure plc will not compromise his role in Orchard (being only 3 days a month) but, on the contrary, will enable him to add value to Orchard by meeting with other individuals who have experience in specific parts of the finance sector.

Re-election of Mr Takhar at the AGM is required every 3 years thereafter.

Termination of his contract is by either party and is 3 months written notice;

His remuneration is set by the board.

He is expected to devote such time as is necessary for the proper performance of his duties.

 

William (“Liam”) Leo McShane – Part-time Chief Financial Officer and Company Secretary

 
Mr Liam McShane has over 25 years’ experience as a chartered certified accountant and is responsible for all internal accounting and treasury management, as well as all monthly and annual accounting for the group. He has been involved in providing tax and financial advice to Bexhill UK Limited since 2000, from 2002 as a partner in McShane Wright Chartered Certified Accountants. Prior to McShane Wright, Mr McShane became a partner at Clifford Roberts in 1998, having qualified as a chartered certified accountant in 1994. From 1989 until its merger with the British Insurance Brokers Association in 2012, he advised the Institute of Independent Insurance Brokers, an association for professional insurance intermediaries, providing tax and financial advice to the Institute, its members and professional advisers. Mr McShane is a Fellow of the Association of Chartered Certified Accountants.

Re-election of Mr McShane at the AGM is required every 3 years thereafter.

Termination of his contract is by either party and is 3 months written notice;

His remuneration is set by the board.

He is expected to devote such time as is necessary for the proper performance of his duties.

 

Non-executive directors and appointment terms

 

Non-executive directors are independent.

Initial appointment of non-executive directors is by the board for a period of one year which has to be confirmed by shareholders at the first AGM following the appointment.

Re-election at the AGM is required every 3 years thereafter.

Termination is by either party and is 3 months written notice.

Remuneration is set by the board.

Non-executive directors are expected to devote such time as is necessary for the proper performance of their duties.

 

Gary Antony Jennison – Independent Non-executive Chairman (appointed 1 November 2017)

 
Mr Gary Jennison has 40 years of retail banking and financial services experience. Until February 2017, he served as CEO of European Business Operations at The Warranty Group, where he played an integral role in taking the business onto a growth platform of increasing revenue and profits. He served as Deputy CEO for a period of 2 years with non-standard mortgage lender Jerrold Holdings Limited, which he joined from Payzone, where he was the UK MD for two and a half years. Prior to that, he held the role of CEO of Secure Trust Bank and was a director of Arbuthnot Banking Group plc for 4 years. Previously he was at Barclays Bank for 4 years where he oversaw 2,000 bank branches and 21,000 employees when he was MD of the UK Branch Network of Barclays. He is currently a director of Solutions Consultants Limited.

He holds no shares in the group.

 

Jonathan Paul David Shearman – Independent Non-executive Director (appointed 23 June 2015)

 
Currently, Mr Jonathan Shearman serves as an independent non-executive director of Trifast plc, a company listed on the Main Market of the London Stock Exchange, being a member of the audit and nominations committee and chairman of the remuneration committee. Mr Shearman has over 20 years’ experience of public equity markets having started his career in equity research at James Capel in 1993, before working in equity sales at Williams de Broë and KBC Peel Hunt. He worked as an equity analyst at Gartmore Investment Management (2006 to 2008) followed by a role as strategic consultant to Altium Group (a pan European Investment Bank).

He holds no shares in the group.

 

Iacovos Koumi – Independent Non-executive Director (appointed 6 February 2017)

 

Mr Iacovos Koumi has over 30 years of senior-level experience in banking and finance. From 1999 to 2015 he served as CEO and previously CFO at Bank of Cyprus UK, a focused business and retail bank, where he led the conversion of the firm from an EEA passported branch to a UK authorised and incorporated bank. Before that he was CFO of Ansbacher, a City-based investment and private banking group. He is a Fellow of the Institute of Chartered Accountants in England & Wales, having qualified with KPMG in London, and has a First Class Honours Degree in Mathematics from the University of Warwick. Mr Koumi’s other appointments include serving as non-executive director of NETinfo Plc, a developer of digital banking and mobile payment systems, which is listed on the Emerging Companies Market of the Cyprus Stock Exchange.

He holds no shares in the group.