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Pawnbroker FD to step down

THE FINANCE DIRECTOR of AIM-listed pawnbrokers H&T Group is to leave the business.

Alex Maby will leave the group in late November to “seek a new challenge”, H&T said in a statement to the stock exchange, with current commercial director Steve Fenerty stepping into the role.

Fenerty is a chartered accountant with more than 20 years in the consumer credit business, including eight with H&T. Maby joined H&T in February 2009, having served in Macquarie’s private equity division as a CFO and board director for several portfolio companies.

Peter McNamara, chairman of H&T, said: “Whilst we are sad to see Alex leaving H&T we are pleased to have an internal successor in Steve Fenerty.

“A chartered accountant with a strong track record, both within Money Shop previously and now at H&T, Steve has the experience and capabilities to lead the group through these exciting times and the opportunities that will arise from the development of plans for H&T; the changes in consumer behaviours and the consequent developments within our sector.”

The company’s share price is unchanged in this morning’s trading, at 146.75p – valuing H&T at £54m by market cap.

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