Change of CEO at TF Bank: Mattias Carlsson appointed acting CEO

After his successful tenor as CEO, TF Banks’s CEO Declan Mac Guinness has decided to leave TF Bank. Mr. Mac Guinness will continue to work as an adviser to the company during the period of notice.

“Mr. Mac Guinness tenor as CEO has been a true success for the bank. During his leadership, the company have grown substantially, has successfully done an IPO and is well positioned for the future. We are very thankful for his work and wish him the best for his future” said Bertil Larsson, who the Board of directors chose as interim Chairman of TF Bank’s Board of Directors until a permanent CEO has been appointed or until the AGM 2018.

Mattias Carlsson, TF Bank’s Chairman, will take over as acting CEO. A recruitment process focused on the earliest possible appointment of a permanent CEO has been initiated.

For further information, please contact:
Bertil Larsson, Chairman of the Board of Directors, +46 (0) 70 573 13 00
Mattias Carlsson, acting CEO, +46 (0) 70 374 33 80

TF Bank in brief
TF Bank is an internet-based niche bank offering consumer banking services through its proprietary IT platform with a high degree of automation. The company’s IT platform is designed for scalability and adaptation to different products, countries, currencies and digital banking solutions. TF Bank carries out deposit and lending activities with consumers in Sweden, Finland, Norway, Denmark, Poland, Germany, Estonia and Latvia through subsidiaries, branches or cross-border banking.

The information in this press release is published by TF Bank AB (publ) as required under the EU Market Abuse Regulation and, where applicable, the Securities Markets Act and / or the Financial Instruments Trading Act. The information was provided by the above contact persons for publication on November 9, 2017 at 13.00 CET.

About Us

TF Bank was founded in Sweden in 1987 for the purpose of offering financing solutions to customers who ordered goods from mail-order catalogues. Over time, the Group has grown both in terms of product offering, profit and geographical reach. Currently, TF Bank offers consumer banking services through a highly automated, in-house developed IT-platform designed for scalability and adaptability to different products, jurisdictions, currencies and digital banking solutions. TF Bank conducts banking operations with deposits and lending to private customers in Sweden and Finland, lending to private customers in Norway and Poland as well as cross-border lending in Denmark, Estonia and Latvia. The Group’s principal business is lending to the public through two segments: Direct to Consumer and Sales Finance. Direct to Consumer comprises mainly of loans of limited amounts to private customers. Sales Finance provides funding solutions for the handling of invoice and instalment payments.

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