Target Group has hired Jonathan Hole its new chief risk officer.  

The business process outsourcing firm says Hole (pictured) comes with four decades of experience in credit, market and operational risk, including internal and external audit, compliance and approved regulatory functions. 

He has held senior roles with financial institutions such as Barclays, GE Money and Santander, with remits covering both the UK and European markets. 

Hole has also gained experience managing risk and compliance in the mortgage market with such firms as Aldermore, Foundation Home Loans and Paragon Banking Group. 

Target says Hole will work with the executive team to create risk and compliance frameworks, designed to protect the business and its clients’ interests.  

He will also work with internal teams to support bids and provide regulatory updates. 

Target provides a range of services including mortgage and loan originations, payments and collections, in-life servicing and people-as-a-service operations. 

Target Group chief executive Peter O’Connor says: “Jonathan’s impressive track record across multiple disciplines and established blue chip organisations clearly speaks for itself and makes him a superb addition to the Target team.” 

Hole adds that “the conflict that often exists between risk and operations or commercial teams does not exist at Target”.