Owen James Elevated to President of PRA Group Europe After Successful Tenure

Owen James Takes Helm as President of PRA Group Europe

PRA Group, Inc. has announced the promotion of Owen James to the position of president for PRA Group Europe, following an impressive career spanning over 13 years with the organization. James previously served as the global investments officer, where he was at the forefront of substantial portfolio investments that have been pivotal to the company's growth. This new role places him in charge of operations across 15 markets including Europe, Canada, and Australia, emphasizing PRA Group's commitment to expanding its reach in these strategic regions.

James's journey at PRA Group began after the acquisition of Mackenzie Hall Holdings in 2012. Throughout his tenure, he has held various significant leadership roles, particularly in the European division which has emerged as a key component of the company's success. Under his guidance, the European operations have successfully allocated over $3 billion into diverse portfolios, illustrating his adept handling of market challenges and opportunities.

In his new role, James will not only oversee the strategic direction of PRA Group’s portfolio investments but will also strive to ensure the sustained profitability and expansion of the European market. Speaking about his promotion, James expressed his enthusiasm, stating, "It is an honor to serve as the president of PRA Group Europe and to build on the success of our European business. I look forward to continuing to work with our management team in this new position to execute our strategy and further strengthen our company's presence in key strategic markets across Europe."

Martin Sjolund, the current president and CEO, praised James's extensive experience in investment and operations, remarking, “After working with Owen for over a decade, he is the ideal person to lead PRA Group Europe to continued success. He has comprehensive knowledge in investments, a strong operational understanding, and is highly respected in the global debt purchasing sector.” This endorsement not only reflects the trust in James's capabilities but also emphasizes PRA Group's strategic vision for expanding its footprint within the industry.

PRA Group operates as a prominent global leader in the acquisition and management of nonperforming loans, dedicating efforts toward returning capital to banks and other creditors, which subsequently aids consumer financial services across America, Europe, and Australia. The company's collaboration with clients to manage and resolve debts showcases its commitment to responsible lending and financial ethics in the marketplace.

Looking ahead, James is poised to leverage his wealth of experience to guide PRA Group Europe through evolving economic landscapes, aiming to enhance operational efficiencies while driving growth in an increasingly competitive environment. His leadership will be critical as economic conditions and consumer behaviors shift, ensuring that PRA Group remains agile and responsive to market demands.

For further information about PRA Group and its operations, visit www.pragroup.com for insights on their strategic initiatives and solutions aimed at fostering financial health for consumers.