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HMRC CIO joins private school loans firm

Mark Dearnley, CIO Premium Credit. Image courtesy of HMRC 

Mark Dearnley remains a financial services CIO having left Whitehall tax collectors HMRC to join lending organisation Premium Credit.  

Dearnley was CIO for HMRC for just over three years, taking up the role from interim CIO Mark Hall in October 2013.  The former Vodafone business technology leader joined Leatherhead headquartered Premium Credit last month.  

Premium Credit specialises in some niche lending areas such as private school fees loans, insurance loans and niche business loans.  The organisation is currently under the ownership of private equity group Cinven, which has been successful at reshaping a number of organisation prior to sell off, including a number of major media businesses.

Dearnley told this author one month into his role at HMRC that he was introducing Agile methods to increase the pace of business change as the organisation worked towards having a single view of every customer (tax payer) and reducing the paper dependency at the public sector organisation.  Industry insiders tell Horizon these impacts were not felt though. 

Dearnley joined HMRC in October 2013 from mobile telecommunications Vodafone, a month after the UK headquartered global business had hit the headlines for tax avoidance.  Dearnley was CIO for Vodafone for three years having arrived at the Newbury firm from its acquisition of Cable & Wireless the telecommunications organisation that laid some the original lines that connected the world. He had been CIO at Cable & Wireless for just over six years.  At Vodafone Dearnley was CIO to Group CIO Albert Hitchcock who left the organisation in January 2016 to join education and publishing organisation Pearson.

Albert Hitchcock, Group CIO of Vodafone 2007 to 2014. Picture by Icon Photomedia 

Premium Credit’s new CIO has retail experience having been with pharmacy chain Boots for four years, including a stint as COO. He began his career in aerospace engineering at Lucas and then Matra Marconi.

Dearnley is the second former HMRC CIO in a row to leave Whitehall and head into financial services. Phil Pavitt, now CIO for opticians Specsavers, left his role at HMRC to become CIO of insurance firm Aviva. Mark Hall, deputy CIO to Pavitt at HMRC, followed his former Whitehall boss to Aviva after he lost out to Dearnley for the HMRC CIO role.

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About Mark Chillingworth 224 Articles
Mark Chillingworth has over 20 years of journalism and editing experience across all media platforms including online, live events, print magazines and television.
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