Link Financial Group acquires Kearns Solicitors Legal Advocacy Business

The nationwide legal advocacy service of Kearns Solicitors has been acquired by the Link Financial Group (“Link”) and will from September 22nd trade as Kearns Solicitors, an approved trading style of Kearns Legal Services Ltd. The new company, licensed and approved by the SRA (Solicitors Regulation Authority), will specialise in business-to-business services within the legal sector. Link successfully applied for a licence to own and operate a legal firm as an Alternative Business Structure (ABS).

For the last 25 years Kearns have offered a nationwide advocacy service for blue chip clients and volume litigation solicitors at agency hearings in every county court throughout England and Wales, with 100 specialist advocates ready to attend hearings at short notice. Through offering a niche outsourcing service to the legal profession, supported by a bespoke diary system and cutting edge IT, Kearns has been able to expand its operations greatly since its inception in 1989, with its advocates handling up to 50,000 hearings per annum for many of the country’s leading lending institutions and their solicitors.

Link believes this systems driven solution, allied to the depth and breadth of advocacy experience, offers huge potential for growth and is a natural extension of its current operations and strategy to develop outsourced business solutions.

Selina Burdell, COO of Link Financial Group – “We are pleased to welcome Robert and the whole Kearns team to Link. We believe the Kearns proposition gives us a fantastic opportunity to expand our range of outsourced legal services to clients through our new ABS. It is a perfect complement to our longstanding unsecured loan servicing platform and recently formed mortgage administration business.”

Robert Kearns, founder of Kearns Solicitors – “Being part of Link’s wider organisation will allow us to take a step forward in developing our advocacy business into new clients and product areas, as well as supporting the group’s servicing activities as a wholly-owned legal firm. We plan to invest in enhanced training and monitoring applications which will continue to set Kearns apart from the competition. It is a compelling combination.”

Link Financial

Link Financial is one of Europe’s largest purchasers and servicers of performing, semi-performing and non-performing loans, managing more than 2 million customers and €11 billion of receivables across its European platform. The Group is headquartered in Dublin with 3 offices in the UK and a further four operational centres in Spain, Italy and Germany.

Standard and Poor’s Investor Services (S&P) currently rates Link as “Strong” for Special Servicing and “Above Average” for Primary Servicing.

For further information please contact:

Robert Kearns  T: 02920 808666  E: Robert@kearns.co.uk

Selina Burdell  T: 020 7793 2655  E: SBurdell@linfinancial.eu

LINK FINANCIAL GROUP SERVICES:

PERFORMING & NON PERFORMING LOAN SERVICING | STEP-IN SERVICER SOLUTIONS | MORTGAGE ADMINISTRATION | FUND MANAGEMENT & ADVISORY

Authorised and regulated by the Financial Conduct Authority

Link Financial Outsourcing (“Link”), is pleased to announce the appointment of Chris Butterworth as Business Development Director.

Chris brings over 25 years experience in the UK finance industry to the role, having worked previously with Barclays Bank, GE, Bank of Scotland and Target Group specialising in the development of third party outsourcing and software solutions for the consumer finance and mortgage industry. He has extensive knowledge of the mortgage, buy-to-let, secured loan, motor and investment areas and with Link’s recent FCA approval covering mortgage administration he will play a pivotal role in shaping the groups future development in the primary servicing sector.

Steven White, CEO stated “Chris’s knowledge of the UK Finance industry will be invaluable as we look to accelerate growth into new markets. He joins Link at an exciting time in the company’s development following other recent senior appointments, as we actively target growth in our performing loan operations and strengthen our core management team.”

Chris added, “Link has a strong track record in the performing loans arena and an excellent reputation for customer service and technical innovation. I look forward to engaging with both new and existing clients as we push forward in this exciting area of operations.”

Link Financial

Link Financial is one of Europe’s largest purchasers and servicers of performing, semi-performing and non-performing loans, managing more than 2 million customers and €11 billion of receivables across its European platform. The company is headquartered in the UK, with operational centres in Spain, Italy, Germany and Ireland.

Standard and Poor’s rates Link as “Strong” for Special Servicing and “Above Average” for Primary Servicing placing Link at the highest standard found in the market.

For further information please contact:

Chris Butterworth  T: +44 (0)7989 850 805  E: CButterworth@linkfinancial.eu

LINK FINANCIAL GROUP SERVICES:

PERFORMING & NON PERFORMING LOAN SERVICING | STEP-IN SERVICER SOLUTIONS | MORTGAGE ADMINISTRATION | FUND MANAGEMENT & ADVISORY

Authorised and regulated by the Financial Conduct Authority

 

Link Financial Group announces the appointment of UK Chief Executive Officer

Link Financial Outsourcing (“Link”), is pleased to announce the appointment of Steven White as Chief Executive.

Steven joins Link from Deutsche Bank AG where he was Managing Director responsible for key aspects of the Banks’ regulatory, finance and compliance functions.  Before Deutsche Bank Steven was Managing Director at UBS AG, heading a CHF 8bn asset management function and a global services division.  He is a qualified Chartered Accountant, a specialist in the field of Conduct Risk and has been recognised as an outstanding leader of organisational and cultural change.

Selina Burdell, COO, Link Financial Group said, “We are delighted to welcome Steven as the CEO of Link.  His deep financial services knowledge combined with extensive leadership and operational experience ideally qualifies him to help shape and deliver our future UK servicing strategy.”

Steven added, “Link has been at the forefront of the industry since its formation in 1998 and has huge potential for growth across its range of operations. The decision to join such a dynamic environment was therefore an easy one. I look forward to working with our partners across the business to realise this potential, delivering excellent results to both clients and investment partners whilst ensuring best in class service to our customers.”

Link Financial

Link Financial is one of Europe’s largest purchasers and servicers of performing, semi-performing and non-performing loans, managing more than 2 million customers and €11 billion of receivables across its European platform. The company is headquartered in the UK, with operational centres in Spain, Italy, Germany and Ireland.

Standard and Poor’s rates Link as “Strong” for Special Servicing and “Above Average” for Primary Servicing placing Link at the highest standard found in the market.

For further information please contact:

Steven White  T: 0207 793 2665  E:  SWhite@linkfinancial.co.uk

Selina Burdell T: 0207 793 2655  E: SBurdell@linkfinancial.eu

LINK FINANCIAL GROUP SERVICES:

PERFORMING & NON PERFORMING LOAN SERVICING | STEP-IN SERVICER SOLUTIONS | MORTGAGE ADMINISTRATION | FUND MANAGEMENT & ADVISORY

Authorised and regulated by the Financial Conduct Authority

Link Financial Group (“Link”), is pleased to announce the appointment of Krupali Mehta, to head up its leading European Back-Up Servicing team (BUS).

Krupali brings a wealth of experience in Commercial and Residential Real Estate lending along with the servicing and management of securitised transactions. Most recently she worked for Hatfield Philips International, overseeing CMBS Portfolios which included responsibility across the full portfolio life-cycle.

Krupali’s new role will cover all Link’s existing BUS customers, representing €2 billion of assets across 5 European countries, as well as taking charge of the on-boarding of new clients and transactions.

Selina Burdell, Chief Operating Officer, pointed to Back-Up Servicing as an important part of the company’s future growth: “Bringing in such an experienced specialist as Krupali will allow the Group to dedicate even more focus to Back-Up Servicing. Her background will compliment what we are doing for our existing engagements which span a variety of financial products as well as allowing us to leverage our best-in-class operations for new clients in this area”.

Krupali said of her appointment: “I am excited to be joining the Link team. I see Back-Up Servicing as an ever more critical product in today’s market place and, given the company’s existing client list and its clear ambitions, I couldn’t be starting at a better time”.

The Link approach to BUS

Link offers discrete solutions at each of the three stages of Back-Up Servicing – Cold, Warm and Hot states – with service delivery being provided at a local level. Link has 8 offices in Europe (UK, Germany, Spain, Italy and Ireland). Its servicing operations and systems have the flexibility to tailor individual solutions across multiple asset classes, are scalable at short notice and have the capacity to allow it readily to absorb transactions between the various BUS stages.

Link’s approach to Back-Up Servicing, together with its acknowledged strengths in loan administration operations and collections, are proving to be the number one choice for originators, lenders and investors.

For further information on Link’s Back-Up Servicing solutions, please contact:

Krupali Mehta T: +44 (0)207 793 2687 | E: KMehta@linkfinancial.co.uk

LINK FINANCIAL GROUP SERVICES:

PERFORMING & NON PERFORMING LOAN SERVICING | STEP-IN SERVICER SOLUTIONS | MORTGAGE ADMINISTRATION | FUND MANAGEMENT & ADVISORY

Authorised and regulated by the Financial Conduct Authority

Link Financials’ sponsorship of The Money Charity’s schools programme helps to reach over 75,000 young people

The partnership between The Money Charity, the UK’s financial capability charity and Link Financial, Europe’s leading purchaser and servicer of both performing and non-performing loans, celebrates its first anniversary and a very successful year. With Link’s support the total number of students reached by the charity has risen to over 75,000, through direct delivery of our financial education workshops.

Funded by Link Financial and delivered by The Money Charity, the workshops empower thousands of young people to gain the skills, knowledge and confidence they need to be able to make the right financial decisions and manage their money well into adulthood. The demand for this service has been significant since it began in 2010, and with Link’s continuing support the organisation aims to reach 100k 11-19 year olds by the end of this school year.

The charity’s team of dedicated financial capability presenters are fully trained on all they need to know to engage and inspire pupils to stay on top of their money. Working with over 350 secondary schools & colleges across the country, the one-hour Money Workshops are designed to give the recipient a greater understanding of money matters including, the importance of saving to achieve life goals, credit & how to use it sensibly, budgeting, bank accounts, and student finance. Tailored to the individual needs to the group, the content draws on the charity’s extensive experience in financial education.

The three-year partnership, launched in 2013, represents a commitment from Link to help young people stay on top of their money, throughout their lives.

Selina Burdell, COO of Link Financial Group said:

“At Link Financial we witness first-hand the effects on individuals who are unable to manage their finances and the great stress it places them under. The Money Charity’s long term commitment to educate and inspire a young generation to take control of their finances is vital in preventing any issues later in life. We are pleased that with our support, thousands more students will be given a head start in learning to be financially responsible.”

Michelle Highman, CEO of The Money Charity, said:

“Our partnership with Link Financial has got off to a fantastic start and we couldn’t be more thrilled with the results. Within a year, their funding has already allowed us reach over 2660 pupils, helping us achieve our grand total of 75,000 students since 2010.

With Link’s support we are moving ever closer to our goal of ensuring that every young person in the UK is equipped with the skills, knowledge, attitudes and behaviours they need to manage their money well. With factors such as high youth unemployment, rising living costs and mounting household debt, it is vital that we empower our young generation to understand and stay on top of their money.”

 

Link Financial sponsorship of financial education workshops helps deliver 165 workshops to 5,545 young people in the first quarter of the year.

Link’s three year partnership with The National Money Charity, Credit Action has got off to an excellent start in 2013 and has helped deliver 165 workshops to 5,545 young people in the first quarter of the year.  

The recent announcement in the new draft national curriculum for England that ‘Schools should prepare students for life in the real world by making them financially capable’ potentially marks a huge step forward in financial education for young people. The changes to the curriculum will see financial education enter the curriculum via Citizenship, which will be a compulsory subject at Key Stage 3 and 4 (11-16 year olds). The draft guidelines state that the changes intend to ensure pupils “are equipped with the financial skills to enable them to manage their money on a day-to-day basis as well as to plan for future financial needs.” Under the new curriculum, students will learn about personal budgeting, money management, wages, credit, debt, and financial products.

Link’s ongoing partnership with Credit Action is helping expand delivery of their financial education workshops within this target group. At Link we frequently see the stresses placed on individuals who are unable to manage their finances and therefore delivering money management education to young people is key to alleviating these issue in later life.

New Link Financial website launch

As part of an ongoing programme to deliver an improved information flow for customers and a more comprehensive presentation for our corporate services we have refreshed our online presentation – www.linkfinancial.eu. The site also introduces a new CSR section which outlines the many charitable and sponsorship activities undertaken by the business and contributions by staff.

Link Financial website restyle

Link Financial partners with national money charity, Credit Action, to bring financial education to schools

Today Credit Action, the financial capability charity and Link Financial, one of Europe’s leading purchasers and servicer of both performing and non-performing loans, announce a new three year partnership to deliver financial education in schools around the UK. The Link Financial sponsorship package, circa £70,000 over the 3 year programme, will support the expansion of Credit Action’s financial education workshops to 11-19 year olds across England, Wales and Northern Ireland.

The demand for this service has been significant since it began in 2010. Since then, Credit Action has reached over 53,000 young people through direct delivery of financial education workshops and over 1 million prospective university students through their Student Money manual which goes out to students nationwide via UCAS.

Link Financial’s new partnership with Credit Action will allow a further 360 workshops to be delivered across the UK to 10,500 students over the next three years. The workshops will enable young people to build the skills, knowledge, attitudes and behaviours to manage money well and cover such subjects as budgeting, debt & credit, bank accounts, saving and student finance.

Selina Burdell, COO of Link Financial Group said: “At Link Financial we frequently see the stresses placed on individuals who are unable to manage their finances. Delivering money management education to young people is key to alleviating these issues in later life. We are therefore pleased to support the Credit Action team with a long term commitment to building awareness and skills in this most vital of areas.”

Michelle Highman, CEO of Credit Action said: “Financial education is essential for all young people. It is vital that we empower young people to understand and stay on top of their money throughout their lives. This partnership will allow us to reach even more young people in this way and we are very grateful to Link Financial for their support.”

Notes for editors:

About Link Financial

Link Financial is one of Europe’s leading purchasers and servicer of both performing and non-performing loans, managing more than 1.5 million customers and €6 billion of receivables across its European platform.

The company’s headquarters are in London, with further operational centres in Spain, Italy, Germany, Ireland and Wales. Standard & Poor’s (S&P) has awarded Link’s UK business a special servicer ranking of “STRONG – Outlook Stable”, meaning it has the highest rating possible for a consumer loan special servicer in its market.

About Credit Action

1.Credit Action is the national money education charity, established in 1994. It works nationally promoting better thinking about money with a particular emphasis on those vulnerable to financial difficulties. See www.creditaction.org.uk for more information.
2.Credit Action runs two financial education programs in schools for young people aged 11-17. Click here for more information.

Media Contacts:

Link Financial:
Gerald Elliott, Communications Director, E: gelliott@linkfinancial.co.uk
T: +44 (0)20 7150 0228 www.linkfinancial.eu

Credit Action:
Ceara Crawshaw – cearacrawshaw@creditaction.org.uk 020 7380 3390

Link Financial announces new Head of Compliance

Link Financial, one of Europe’s leading purchasers and servicer of both performing and non-performing loans, is pleased to announce the appointment of Philip Tinsley as Head of Compliance. Formerly with KPMG, Philip has dealt with compliance related matters and regulators for over twenty years and held senior management positions in both industry and the largest professional consultancies. With significant changes in the regulatory environment planned over the next few years he is looking forward to ensuring Link Financial remain fully compliant and lead best practice within the industry.

Notes to the editors:

Link Financial

Link Financial is one of Europe’s leading purchasers and servicer of both performing and non-performing loans, managing more than 1.5 million customers and €6 billion of receivables across its European platform. The company’s headquarters are in London, with further operational centres in Spain, Italy, Germany, Ireland and Wales. Standard & Poor’s (S&P) has awarded Link’s UK business a special servicer ranking of “STRONG – Outlook Stable”, meaning it has the highest rating possible for a consumer loan special servicer in its market.

For further information, please contact:

Gerald Elliott, Communications Director, Link Financial Group
T: +44 (0)20 7150 0228 E: gelliott@linkfinancial.co.uk

Link Financial Group, 89 Albert Embankment, London SE1 7TP, UK

www.linkfinancial.eu

Link Financial appointed Back-Up Servicer on Tda Lico leasing lll securitisation of EUR78m credit rights

Link Financial is pleased to announce that it has been appointed as back-up servicer to TdA Lico Leasing III on a portfolio of over 5,883 lease contracts to 4,206 debtors covering Spanish SMEs and self-employed individuals. Moody’s and DBRS have assigned provisional ratings to the senior note, rating it as A3 and AAA respectively with a value of €78m.

Link will receive regular data feeds from the Servicer to the transaction as well as performing a review of this information for the benefit of the deal. Furthermore, Link’s Spanish business, Link Finanzas SL, would assume successor servicing duties at the discretion of the management company within the transaction.

Selina Burdell, COO of Link Financial Group, commented, “We are pleased to have been selected as the backup and successor servicer to this transaction. This provides further evidence that Link’s approach to backup servicing, as well as the strength of our operational capabilities, is a compelling offering to the European ABS market”.

This appointment follows on from the group’s recent strong performance in its European servicing operations. Standard & Poor’s (S&P) recently reviewed the company’s servicer ranking raising it to “STRONG – Outlook Stable” awarding Link Financial with their highest rating for a consumer loan special servicer in Europe.

Notes to the editors:

Link Financial

Link Financial is one of Europe’s leading purchasers and servicer of both performing and non-performing loans, managing more than 1.5 million customers and €6 billion of receivables across its European platform. The company is headquartered in London, with further operational centres in Spain, Italy, Germany, Ireland and Wales.

For further information, please contact:

Gerald Elliott, Communications Director, Link Financial Group
T: +44 (0)20 7150 0228 E: gelliott@linkfinancial.co.uk

Link Financial Group, 89 Albert Embankment, London SE1 7TP, UK

www.linkfinancial.eu