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Fish appoints Financial Director as expansion plans gain momentum
June 9th 2008Fish Insurance, the leading disability and independent living insurance specialist, has appointed its first financial director in a move which further underlines the company’s expansion ambitions.
The Preston-based company has recruited former Bolton Wanderers’ interim financial director and ex-KPMG corporate finance specialist Phil Carr to its board. Mr. Carr, who spent three years with KPMG’s Corporate Finance & Transactional Services team, has since 2004 been advising a range of companies on acquisition and fundraising strategies.
His appointment underlines the company’s determination to triple its current book of nearly 60,000 policyholders, over the next three years. It has secured private equity backing from Manchester’s Modus Private Equity with which to fund both organic growth and acquisitions.
“Fish has always been a respected and successfully run business” commented Mr. Carr. “Now, with some serious financial investment, it is in a much stronger position to market itself and secure organic growth, and to make strategic acquisitions. What I can bring to the party is a strong background in transactional finance and due diligence which will be applied in particular to our acquisitions strategy”.
An experienced financial professional Mr. Carr’s career highlights include negotiating a re-financing package for Bolton Wanderers Football Club and he has gained a wealth of boardroom experience.
His appointment follows the recruitment of former Carole Nash marketing director, Warren Dickson who joined the Fish board as sales and marketing director in January.
Commenting on Mr. Carr’s arrival Fish’s chief executive, Elissa Foster, said: “We are currently securing significant growth and have ambitious expansion plans so it is of paramount importance that the board is equipped with high level expertise and experience. Phil will be bringing his financial acumen to an already strong and experienced boardroom team to ensure our expansionist goals are successfully realised.”
