Experienced Leader Owen James Promoted to President of PRA Group Europe

Rhea-AI Summary

PRA Group (NASDAQ: PRAA), a global leader in nonperforming loan acquisition and collection, has appointed Owen James as president of PRA Group Europe. James, who joined PRA Group through the Mackenzie Hall Holdings acquisition in 2012, brings over 30 years of financial services experience to the role. He will oversee operations across 15 markets in Europe, Canada, and Australia, reporting to President and CEO Martin Sjolund. Under James's previous role as global investments officer, PRA Group's European division has become a significant performance driver, investing more than $3 billion in portfolios across Europe over the past seven years. Prior to PRA Group, James held senior positions at Intrum, a major European debt servicer and buyer, for over 15 years.

Positive

• Appointment of experienced leader with 30+ years in financial services and 13 years at PRA Group
• Strong European business performance with over $3 billion in portfolio investments
• European division has become a significant driver of company performance
• Expanded presence across 15 markets in Europe, Canada, and Australia

Negative

• None.

News Market Reaction

+0.27%

1 alert

+0.27% News Effect

On the day this news was published, PRAA gained 0.27%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

Promotion Builds on Successful 13-Year Career at PRA Group, Most Recently Overseeing Record Portfolio Investments as Global Investments Officer

NORFOLK, Va., June 18, 2025 /PRNewswire/ -- PRA Group, Inc. (Nasdaq: PRAA), a global leader in acquiring and collecting nonperforming loans, has promoted Owen James to president of PRA Group Europe. As president of PRA Group Europe, James will provide leadership across 15 markets in Europe, Canada and Australia. He will also be responsible for overseeing portfolio investments across Europe, while building on the continued profitability of the European business.

James will report to President and CEO Martin Sjolund, who he succeeds.

"I am honored to serve as president of PRA Group Europe and to build upon the success of our European business. I am excited to continue working with our senior leadership team in this new capacity to execute our strategy and further strengthen our company's presence in key strategic markets across Europe," said James.

Over the past seven years, PRA Group's European business has delivered strong results and become a significant driver of the company's performance, with more than $3 billion successfully invested in portfolios across Europe.

James has more than 30 years of experience in financial services. He joined PRA Group 13 years ago, through the company's acquisition of Mackenzie Hall Holdings in 2012. James performed various leadership roles in PRA Group's European business before serving as global investments officer, where he oversaw the company's global investment strategy. Prior to joining PRA Group, he worked for more than 15 years in a variety of senior roles at Intrum, a major European debt servicer and buyer.

"Having worked with Owen for more than 10 years, he is the ideal person to lead PRA Group Europe to continued success. Owen has deep investment experience, strong operational know-how and is a highly respected leader in the global nonperforming loan industry. I know he will build upon PRA Group Europe's track record of success as one of the most efficient debt-buying operations," said Sjolund.

About PRA Group
As a global leader in acquiring and collecting nonperforming loans, PRA Group, Inc. returns capital to banks and other creditors to help expand financial services for consumers in the Americas, Europe and Australia. With thousands of employees worldwide, PRA Group companies collaborate with customers to help them resolve their debt. For more information, please visit www.pragroup.com.

Media Contact:
Giovanna Genard
Vice President, Global Communications and External Affairs | Marketing Leader
(757) 282-3343
Giovanna.Genard@PRAGroup.com

Investor Contact:
Najim Mostamand, CFA
Vice President, Investor Relations
(757) 431-7913
IR@PRAGroup.com

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SOURCE PRA Group, Inc.

FAQ

Who is the new president of PRA Group Europe?

Owen James has been promoted to president of PRA Group Europe, succeeding Martin Sjolund.

What is Owen James's experience at PRA Group (PRAA)?

Owen James has been with PRA Group for 13 years, joining through the acquisition of Mackenzie Hall Holdings in 2012, and most recently served as global investments officer.

How has PRA Group's European business performed in recent years?

PRA Group's European business has delivered strong results over the past seven years, investing more than $3 billion in portfolios across Europe and becoming a significant driver of company performance.

What markets will Owen James oversee as president of PRA Group Europe?

As president of PRA Group Europe, Owen James will provide leadership across 15 markets in Europe, Canada, and Australia.

What was Owen James's role before joining PRA Group (PRAA)?

Before joining PRA Group, Owen James worked for more than 15 years in various senior roles at Intrum, a major European debt servicer and buyer.