Third-party servicer Target reshuffles board

Third-party servicer Target Group has reshuffled its board with chief executive Paddy Byrne becoming chairman.

Chief financial officer Ian Larkin and group chief operating officer Bill Alley have been made co-group chief executives.

Larkin will be responsible for business development and franchise growth while Alley will be responsible for improving the firm’s technology and servicing operations.

Byrne says: “Target has developed successfully over the past few years and I am very proud of the results we have achieved during this period.  It is testament to the strength and depth of our teams that we are able to deliver this change from within our organisation. 

“The changes announced today will allow us to take the next step in our development. I am delighted to be leading the board as Target Group continues its successful trajectory.”