Andy Smith has been appointed as Chief Risk Officer at Premium Credit as part of a structure review of the company’s legal, risk and compliance functions. He will report directly to Chief Executive Tom Woolgrove and be a member of the Executive team.

Andy previously spent 20 years working at KPMG. During this time he qualified as a chartered accountant and fulfilled roles in audit advisory, taxation, corporate recovery and special technical & regulatory services departments. In the latter part of his time at KPMG, he was Risk Management Partner for the firm’s UK Financial Advisory Practice.

Andy also worked as part of the FCA’s Smaller Businesses Practitioner Panel for six years, advising on key regulatory matters impacting smaller businesses. Since then, he has fulfilled a number of risk roles in organisations including Bank of Cyprus, The Co-operative Bank and Toronto Dominion. Andy will have responsibility for the legal, compliance and risk functions at Premium Credit.

Tom Woolgrove, Premium Credit’s Chief Executive commented: “We are delighted to welcome Andy to our Executive Team in this new role. His risk management expertise gained in senior risk roles and advising companies, as well as with the regulator, provides an invaluable skill set to support Premium Credit and our broker partners as we look to realise our ambitions for considered, business growth.”

Elizabeth Annys, Head of Legal, has also been appointed Company Secretary.