Executive Change: David Hall Named Head of New Markets at Lindorff

Oslo, Norway-based Lindorff Group announced today that David Hall, 45, has been appointed Head of New Markets.

As a member of the Group Management team, Hall will take responsibility for the existing business in Germany and the entry into new markets such as Spain and the UK. David joins from the Royal Bank of Scotland (RBS) Group where he worked for twelve years in a number of Executive positions, most recently as as Commercial Director, European Consumer Finance.

Hall is a UK citizen and lives in the UK but has extensive experience of financial services markets throughout Europe having set up, integrated and acquired a number of businesses in Germany, Benelux, Spain and in Central & Eastern Europe (CEE). David’s experience includes very relevant operational responsibility for in-house collections units and external recovery relationships.

“Lindorff is an extremely exciting player, uniquely positioned in its business field. The strong growth strategy is both ambitious and realistic given the backbone of Nordic receivables management practice. I am delighted to be invited to contribute to the growth and positive development," said Hall.

Urs Baumann, Lindorff CEO, commented “I'm very happy that we could win such a high caliber person as David Hall. He has extensive experience in building businesses in all of our targeted markets and also an extensive network within the financial services industry. David and I have done business and competed in some of these markets before and we are very excited now to work together on the next chapter of Lindorff’s growth."

About Lindorff
Lindorff Group is the leading outsourced receivables management company in the Nordic region, and one of the leading on a global basis. Lindorff posted revenues of MEUR 349 million in 2007 and has 2000 employees in Norway, Denmark, Sweden, Estonia, Latvia, Lithuania, Russia, Germany, the Netherlands and Finland. Lindorff has a lot of experience with industries such as bank, finance, insurance, telecom, utilities and credit trade.