Former Banking Executive to Lead PIC Solutions in Johannesburg

Released on = August 13, 2007, 11:58 pm

Press Release Author = PIC Solutions

Industry = Financial

Press Release Summary = Cape Town, 13 August 2007 - PIC Solutions, the leading
credit risk management company in Africa and the Middle East, has appointed former
Barclays Bank credit executive J. Nick Geimer as the head of their Consulting and
Analytics practice in Johannesburg.

Press Release Body = As Retail Credit Director for the Barclays Sub-Saharan Africa
division Nick was responsible for lending strategy, credit risk management and
marketing analytics for the all of the Bank's retail product portfolios. Over the
last decade, Nick has led retail credit management functions across the entire
lending lifecycle - from prospect targeting to collections and recovery. Nick began
his career delivering ICT and business solutions for AMS-CGI, the US-based credit
systems consultancy, after graduating from Princeton University with a BA in Public
Policy and International Affairs. He also holds an MSc in Quantitative Risk
Management from the London School of Economics.

Serving both a local and international client base, the PIC Solutions Johannesburg
office provides specialist consumer credit risk management consultancy to each of
the country's leading credit grantors in the banking, retailing and
telecommunications sectors. PIC serves a client base of more than 100 companies in
20 countries from its three offices in Cape Town, Johannesburg and Dubai.

Nick Geimer, Head of Johannesburg Consulting and Analytics, comments, "PIC Solutions
has established its reputation as the leading retail credit risk consultancy in
Africa and the Middle East by consistently delivering exceptional value to its
clients. I look forward to joining the dedicated team of PIC consultants and
analysts who have helped many of South Africa's most respected credit grantors
achieve world-class capabilities in their core lending functions."

Stephen Leonard, Managing Director of PIC Solutions, adds, "Until recently, Nick has
been at the 'coal face' of retail credit and understands the practicalities of
lending and collecting money in environments where data quality, systems and
processes have varying degrees of robustness. His specialised knowledge and
experience in delivering data-driven customer lending strategies in Africa combined
with his relentless focus on value and on delivering results at speed will keep our
business well ahead of the competition in the years to come."


About PIC Solutions
PIC Solutions provides consumer credit solutions to a wide range of blue-chip
organisations. We are experts in the fields of credit, risk and software and have an
established track record of success powered by solutions.

Our ongoing commitment is to enable clients to optimise the credit life cycle.

Editorial Contact:
Sarka Svoboda
Marketing Manager
Tel: +27 (0)21 680-6010
Fax: +27 (0)21 680-6003
Email: SSvoboda@PICSolutions.com
Web: www.PICSolutions.com

Web Site = http://www.PICSolutions.com

Contact Details = PIC Solutions
Birkdale I
River Park
Liesbeek Parkway
Mowbray
7700
South Africa
Tel: +27 (0)21 680-6000
Fax: +27 (0)21 680-6003
Email: Info@PICSolutions.com

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