Experienced Leader Owen James Takes Helm as President of PRA Group Europe

Owen James Promoted to President of PRA Group Europe

PRA Group, Inc., a global leader in acquiring and collecting non-performing loans, has announced the promotion of Owen James to the position of President of PRA Group Europe. This move comes as the company aims to further strengthen its leadership in the financial sector across multiple international markets.

Owen James, who has been with PRA Group for over 13 years, previously served as the Global Investments Officer. His extensive experience in the financial services industry spans more than three decades, making him a seasoned leader well-suited for this new role. As the new president, James will oversee operations in 15 different markets across Europe, Canada, and Australia, actively managing the company's portfolio investments throughout the region.

In this new position, Owen will report directly to Martin Sjolund, the President and CEO of PRA Group, and will take over the leadership responsibilities that Sjolund previously held. “It’s an honor to take on the role of President of PRA Group Europe and to build upon our successes in the region. I look forward to collaborating with our leadership team to execute our strategy and enhance our presence in key markets,” James remarked.

The European branch of PRA Group has seen significant growth over the past several years, emerging as a crucial driver of the company’s overall performance. To date, PRA Group has successfully invested over $3 billion in various portfolios across Europe, showcasing its robust investment strategy and operational capabilities.

Understanding the importance of continued investment growth, James emphasized his commitment to not only maintaining the current level of success but also expanding the company’s influence as one of the most efficient debt buyers in the industry. “Having worked with Owen for over a decade, I believe he is the ideal person to lead PRA Group Europe to further success. His deep investment knowledge, strong operational expertise, and respected leadership qualities in the distressed debt market position him uniquely to enhance our initiatives,” said Sjolund.

James joined PRA Group following its acquisition of Mackenzie Hall Holdings in 2012, and since then, he has taken on various leadership roles within the European operations of the firm. Before his tenure at PRA Group, he worked for over 15 years in senior positions at Intrum, a major European debt service provider and buyer.

PRA Group, Inc. provides innovative solutions to banks and creditors, helping them to recuperate capital and efficiently manage debt collections. With a large workforce dedicated to assisting customers in navigating their financial challenges, PRA Group remains at the forefront of the global debt market.

As Owen James steps into this new leadership position, industry stakeholders are keen to witness how his initiatives will evolve, particularly regarding the ongoing enhancement of PRA Group’s investment portfolio and operational strategy in Europe.

For further information about PRA Group’s services or to learn more about Owen James, please visit www.pragroup.com.

Media Contact:
Giovanna Genard
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Investor Relations:
Najim Mostamand, CFA
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Contact: 757-431-7913
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