Arrow Global Group PLC announced that Tom Drury has decided to step down as Group CEO after over 20 years as a CEO, the last five of which have been with Arrow. Lee Rochford, formerly CFO of Virgin Money will replace Tom as Group CEO and Board Director from 3 January 2017. Tom will remain with the business until the end of February to provide an orderly handover period.

Lee brings extensive relevant financial services experience, including running a pan-European financial institutions advisory business which focused on the acquisition and sale of portfolios of non-performing loans across Europe, working both with financial institutions and private equity firms.