Target Group has announced that Dr Roger Newman has been appointed as its chief executive offer (CEO).
He plans to transform the technology provider and achieve substantial growth.
Newman has been a senior business leader in Target Group’s parent company Tech Mahindra for almost 20 years in a number of senior roles, including leading the company’s UK enterprise business.
Prior to this, he held a variety of financial service technology roles at Thompson Reuters and is experienced on leading several transformative customer initiatives in Banking, Financial Services and Insurance (BFSI).
Newman said: “I am delighted to have taken the role as Target Group CEO. It’s a business that has a stellar roster of clients and fantastic capabilities. We have ambitious plans in place to double the size of the business in the coming years across our core loan and mortgage servicing lines, and we’ve already made great headway to achieving that goal. Crucial to that will be leveraging the experience and tech capabilities of our parent, Tech Mahindra. Our parent company employs over 125,000 people across 100 countries and has a vast wealth of knowledge and expertise that we can leverage to transform our offering.
“The past few months have been tough for everyone. The world has changed in many ways, but Target Group has shown its resilience. We’re working hard with our clients to make sure that customers in financial difficulties are treated fairly and get the help they need as we respond to the Covid-19 pandemic. By bringing our strengths to bear as a group, investing in our proposition and encouraging real innovation we can change servicing, software and processes for the better and make a measurable difference.”
Vivek Agarwal, chairman of Target Group, added: “I am pleased to welcome Roger as the new CEO of Target Group. He has unrivalled experience in the delivery and development of financial service technology, and we are looking forward to seeing the benefits of his vision, experience and expertise to grow the business further.”