PRA Group Names Adrian Murphy as its Global Chief Data and Analytics Officer

Rhea-AI Summary

PRA Group (Nasdaq: PRAA), a global leader in acquiring and collecting nonperforming loans, has appointed Adrian Murphy as its global chief data and analytics officer, effective Sept. 16, 2024. Murphy, who will report to CEO Vik Atal and join the senior leadership team, brings nearly three decades of industry experience to the role.

Murphy's expertise includes serving as a partner at McKinsey & Company's Banking and Risk divisions and Oliver Wyman, where he led transformation projects across various sectors. His appointment aims to drive business growth through cutting-edge analytic solutions, optimize operations, enhance customer experience, and increase shareholder value.

Positive

• Appointment of experienced data and analytics executive to senior leadership
• Potential for improved business optimization and growth through advanced analytics
• Possible enhancement of customer experience and shareholder value

Negative

• None.

NORFOLK, Va., Sept. 9, 2024 /PRNewswire/ -- PRA Group, Inc. (Nasdaq: PRAA), a global leader in acquiring and collecting nonperforming loans, has named Adrian Murphy as its global chief data and analytics officer, effective Sept. 16.

Murphy will report to PRA Group President and CEO Vik Atal and serve as a member of the senior leadership team. He will lead the continued development of cutting-edge analytic solutions to drive business growth. "Adrian has played a leading role in driving the development of innovation and transformations at top global financial services institutions. His deep expertise will help us further embed data analytics to optimize our business, enhance our customer's experience and ultimately provide increased value for our shareholders," said Atal.

Murphy's nearly three decades of industry experience includes serving most recently as a partner in McKinsey & Company's Banking and Risk divisions, where he spearheaded client service for major financial institutions and led their Global Fraud Service Line. Prior to working at McKinsey & Company, he was a partner at Oliver Wyman and oversaw transformation projects in a variety of divisions, including Banking, Risk and Data, Tech and Analytics, in New York; Financial Services, in Sao Paulo; and Banking and Finance and Risk, in London. Early in his career, he was also an engineer at Ford Motor Company. Murphy holds bachelor's and master's degrees in manufacturing engineering from the University of Cambridge.

"I look forward to joining PRA Group, an innovative, global industry leader, and contributing to the success of its data and analytics program," said Murphy.

About PRA Group, Inc.
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.

News Media Contact:
Elizabeth Kersey
Senior Vice President, Communications and Public Policy
(757) 641-0558
Elizabeth.Kersey@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 PRA Group's new global chief data and analytics officer?

Adrian Murphy has been appointed as PRA Group's new global chief data and analytics officer, effective September 16, 2024.

What is Adrian Murphy's background before joining PRA Group (PRAA)?

Adrian Murphy was previously a partner at McKinsey & Company's Banking and Risk divisions and Oliver Wyman, with nearly three decades of industry experience in financial services and data analytics.

What are the expected benefits of Adrian Murphy joining PRA Group (PRAA)?

PRA Group expects Adrian Murphy to drive business growth through cutting-edge analytic solutions, optimize operations, enhance customer experience, and increase shareholder value.

When will Adrian Murphy start his role at PRA Group (PRAA)?

Adrian Murphy will start his role as global chief data and analytics officer at PRA Group on September 16, 2024.