CIO Duncan Gray has joined Premium Credit following over five years with BCA Marketplace, the car auctioneers.
Premium Credit specialises in niche lending areas such as private school fee loans, insurance loans and specialist business loans. The organisation is currently under the ownership of private equity group Cinven.
During Gray’s career with BCA he introduced an omni-channel focus to the organisation, having joined it from department store retailers Selfridges Group.
Gray was on the leadership team of BCA during its transition from private equity ownership to floatation on the London Stock Exchange. This required the CIO to play a leading role in improving operational efficiency, increase market share, integrate acquisitions and operate a stable IT operation. Gray has track record in private equity backed organisations, earlier in his career he was Group Technology Director for Leisure Link, the supplier of gaming and home entertainment services.
Prior to entering the automotive auction sector Gray was Group IT Director for Selfridges for a year and half. He joined Selfridges from rival high end department store chain House of Fraser where he was IT Director for nearly four years. Gray has a strong track record in retail business technology leadership and has held CIO roles at Easy Group, Blockbuster Entertainment, Pizza Hut and Rank Leisure, the nightclub and leisure centre arm of the film business.
Gray replaces Mark Dearnley as CIO. Dearnley joined Premium Credit in November 2016 having been CIO for HMRC for just over three years. Premium Credit was a return to the private sector for Dearnley who had been a CIO with telecoms firm Vodafone.