PREMIUM CREDIT APPOINTS GOPI CHELLIAH AS COO 

LONDON, 18 December 2012: Premium Credit Limited, the leading provider of payment facilitation and financing services in the UK and Ireland, has appointed Gopi Chelliah to the role of Chief Operating Officer.

Gopi has almost 20 years experience in senior roles within the banking industry, with a background in IT and operations strategy and delivery. Before joining Premium Credit, Gopi was at Russell Investments where he was the global head of IT and operations. He also held the role of interim CEO at Russell Investments London as well as being a part of the executive committee. Gopi’s other previous roles include Chief Operating Officer of ING Wholesale Banking , Managing Director and CIO for Cross Business Technology & Operations at Deutsche Bank and Managing Director, Global Head of Cash Equity IT at UBS.

Gopi’s appointment follows the recent news that Premium Credit was purchased by management and leading private equity firm GTCR from MBNA Europe, in a deal involving approximately £900 million in asset value. Andrew Doman, previously Chairman and CEO at Russell Investments assumed the role of CEO of Premium Credit upon the closing of the transaction with GTCR.

Andrew Doman, CEO of Premium Credit said: “I am delighted to welcome Gopi to the Premium Credit leadership team. His experience and expertise in the banking industry will be invaluable in helping us shape and drive our IT and operations as we move the business forward and build an expansion strategy for us as an independent business.

Premium Credit has a great future, and strongly managed IT and operations are critical to the implementation of our long-term vision of growth across a variety of industries. In the short term Gopi’s appointment also gives us the opportunity to further improve our online integration with intermediaries and our end customers.”

Gopi Chelliah added: “I am very much looking forward to working with the Premium Credit team. I have joined the business at a pivotal moment in its history and I believe we will see some exciting growth and development ahead. I look forward to being a part of the team charged with delivering the growth strategy Andrew is putting in place and working to optimise technology use within the business, which will bring significant benefits to clients.”

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