Paymentshield appoints compliance director

Paymentshield CEO Stuart Pender has made a number of senior appointments over the last year, all of which will play a crucial part in leading the business through an important period of growth. Paymentshield recently reported premium income of £186 million for the last financial year up by 42 per cent from £132million the previous financial year. It also announced that it is undertaking a tendering process for the underwriting contract for its general insurance business, currently held by Hamilton Insurance and St Andrews Insurance.

As compliance director, Graham Johnston will primarily responsible for ensuring Paymentshield is meeting its regulatory obligations to intermediaries and retail customers, including effective management of appeals and complaints. Graham joins Paymentshield from Cheltenham & Gloucester.

Stuart Pender, chief executive of Paymentshield, said: “Over the last year a number of high profile appointments have been made to significantly strengthen the senior team at Paymentshield. These appointments were critical to establishing a strong team to lead our business during our next phase of growth. I am delighted to announce that this process has been completed. Our new appointments bring a wealth of experience to the Board at Paymentshield and will ensure the continuation of the strong growth within the business”.

Graham added: “This is an exciting time to be joining Paymentshield, particularly in such a vital and progressive role. I look forward to working alongside Stuart and the rest of the team and contributing to Paymentshield’s ongoing success. “