ME Group Holdings Ltd (ME Group), the fast growing LegalTech business, today announces the appointment of Trevor Nicholson as independent non-executive director.
Nicholson, who is currently interim head of compliance for FTSE 100 insurer Admiral Group, will bring over 30 years of experience to the role, including compliance leadership in a number of bluechip businesses. He takes up his role in August.
Shaun Astley-Stone, ME Group CEO, said that Nicholson’s appointment demonstrated the group’s ongoing commitment to achieving and demonstrating the highest levels of regulatory compliance.
“Trevor’s appointment underscores that for ME Group, regulatory and compliance excellence is a top priority, and I am absolutely delighted that he has chosen ME Group for his first NED role,” he said.
“Although we are a LegalTech business, the financial reports our technology generates are used by law firms to pursue mis-selling claims on behalf of their clients, so full regulatory compliance is an important safeguard for members of the public seeking redress, and gives our law firm partners absolute confidence in our business operations.”
Commenting on his new role, Nicholson said: “Past business practice by some within the claimant sector has undermined the reputation of the industry.
“I was attracted to ME Group because it wants to do things differently. It is a powerful new force that applies technology to solving the problems faced by hundreds of thousands of people seeking compensation for financial mis-selling, providing high quality data to the FOS and FSCS – via law firms – to speed up their decisions for the benefit of customers.
“It is essential that each step of the way is transparent, compliant and delivers the best outcomes for customers. ME Group is growing fast and has the potential to be a customer champion, using its LegalTech to rescue vulnerable families from the appalling consequences of mis-selling.
“I am hugely enthused by the vision of Shaun and the Board and very much look forward to helping ME Group achieve its ambitious plans for the future.”
About Trevor Nicholson
Trevor is head of group compliance at Admiral Insurance Group Ltd, but has fulfilled a number of senior contractual and full time roles with Sainsbury’s Bank, CPP Group plc, EMC Advisory Services, and GE Capital/Santander Cards UK, where he spent 16 years between 1995-2011, fulfilling a number of sales and then compliance roles.
Trevor, who began his career in retail banking in Newcastle, has significant experience in recent roles across the FCA Handbook in areas such as CONC, ICOBS, COBS and Redress, while also actively working with the FCA, Ministry of Justice, Claims Management Regulator, Office of Fair Trading and the Direct Marketing Association.
About ME Group
ME Group, headquartered in Alderley Park, Cheshire, applies technology to legal services products on behalf of law firms and their customers.
We provide turnkey solutions for legal firms, encompassing client origination, legal and financial analysis, process outsourcing, case funding, and legal expenses insurance.
The ME LegalTech brand provides expert analysis and reporting services to determine liability and quantum in complex legal matters. This is uniquely ‘Tech’ driven, allowing for complex algorithms to be computed and enabling volume-driven services to be offered.
ME Group uses social media as their key driver for accessing and liaising with clients, and has ambitions to radically reform the system of making claims against mis-selling practices across a wide range of financial services products.
For more information please contact: Ben Welsh, 07568 382040