PMPA gets new group manager

PMPA currently has nine members, and O’Brien will be tasked with growing this figure to 15 over the next year.

The four founder members contributed almost £1 billion in new loans to its lending panel members last year, and is estimating that this will grow to £3.5 billion during 2002.

Ian Nelson, chairman of PMPA, said: "We are absolutely delighted that Jon has joined us to drive PMPA forward through the next stage of its development. Jon’s excellent track record and very positive attitude to business is what we need at this time and we look forward to working with him."