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Tesco Bank founder joins George Banco

Tesco Bank founder joins George Banco

The former Founding Director of Tesco Bank has joined alternative personal finance provider George Banco as Non-Executive Director with immediate effect.

Andy Dewhurst spent 25 years with Tesco across a range of industry sectors including Retail Banking, Telecoms & Food Retail. As the Founding Director of Tesco Personal Finance, now Tesco Bank, he took the company from start-up to 4 million customers and £150 million profit.

His Board Advisory roles have included ING Direct and O2, where he worked on O2 Money and O2 Media, while his formal Non-Executive Director roles cover a wide variety of sectors including Personal Finance, Telecoms, Marketing, Retail and Utilities. Andy has significant experience in growing business start-ups into highly profitable organizations.

He joins FCA regulated George Banco and a management team with over 120 years of consumer finance experience.  The company is proving, through rapid growth, that innovative technology-driven solutions can help improve the turbulent alternative finance market.

Marc Howells, Managing Director of George Banco, said: “We are delighted to welcome Andy to George Banco as non-executive director. He is ideally placed to move the company forward with his experience and expertise within the industry and this will provide considerable value to the company as we accelerate during this time of extraordinary growth. Our ability to attract individuals of Andy’s quality is a testament to what we are building at George Banco and it demonstrates the commitment of the Board in creating a household name in the UK that’s respected by its customers, partners and the regulator.”

George Banco, which launched in 2014 offers personal loans for typically £1000 - £7,500 at representative 49.7 per cent APR (fixed), supported by a creditworthy guarantor.

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