Premium Credit has announced the appointment of Rohit Ghai (pictured) as its new chief risk officer. According to a news release, the role reflects the company’s commitment to evolving regulatory demands.
Ghai will oversee Premium Credit’s risk, compliance, and legal functions. He brings a wealth of experience from his previous role as interim chief risk and compliance officer at PayPal UK. His career also includes senior leadership roles in risk and compliance at Visa Europe and GE Capital, where he worked across multiple geographies. Ghai began his career with GE’s Corporate Leadership programmes, further developing his expertise in regulatory leadership.
Tara Waite, CEO of Premium Credit, expressed her enthusiasm for Ghai’s appointment, stating: “I am delighted to welcome Rohit to my executive team in this important role. He will proactively engage with regulators and industry bodies, providing guidance on the changing regulatory environment and demonstrating Premium Credit’s regulatory expertise through engaging thought leadership.”
Waite highlighted that Ghai’s leadership will be pivotal in enhancing the company’s existing risk management framework, ensuring it remains agile in today’s regulatory landscape. “This key appointment will strengthen our current capability, ensuring we are highly proactive at this critical point of our journey, delivering on our purpose, strategy, and growth ambition,” she added.
Commenting on his new position, Ghai said, “I am pleased to join Premium Credit at such an exciting time in their growth plans. I look forward to playing my part in the next stage of the business’s development.”
Since 1988, Premium Credit has supported millions of individuals and businesses by offering finance solutions that allow them to spread the cost of insurance premiums and other annual expenses, such as professional fees and school fees, over regular instalments. With over 2.6 million customers, the company processes 30 million Direct Debits annually and originates more than £5 billion in loans, making it a leading insurance premium finance provider in the UK and Ireland. Headquartered in Leatherhead and Dublin, Premium Credit employs around 500 staff, including field-based employees providing local support across both regions.
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