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MoneyPlus appoints commercial director

Debt management company MoneyPlus Group (MPG), backed by Palatine Private Equity, has appointed Richard Elgott as commercial director.

Elgott has spent the past seven years working in professional services, most recently at Deloitte and, prior to that, KPMG. He is an accountant by profession and has worked in corporate finance and transaction services providing specialist operational advice on strategy, integration and disposals.
Elgott has significant experience across a range of industry sectors including telecoms, oil and gas, consumer goods and energy. He has also worked with financial services clients including HSBC, Royal Bank of Scotland, ING and Virgin Money. Prior to that he worked in industry in roles for Virgin Media and Littlewoods Pools.
MPG offers a range of services to improve consumers’ financial situations, including debt management plans and Individual Voluntary Arrangements. It is also extending its offering into other areas, such as insurance and legal services, under the MoneyPlus brand.
Palatine originally backed the management buyout of MPG in June 2011. Since then MPG has completed six acquisitions and employs more than 190 people at its offices in Manchester city centre.
Chris Davis, chief executive officer at MoneyPlus Group, says: “I am delighted that Richard has decided to join MoneyPlus. This senior appointment underlines our commitment to the future growth of the company. Richard brings with him a wealth of experience and expertise in the financial services sector which will be put to good use by way of our continued expansion in the debt advice sector and in other financial areas in general.”

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