Credit reference agency Callcredit Information Group has turned to rival Experian for the hire of a new chief risk officer and general counsel.
Colin Rutter joins Callcredit in the newly-created role from Experian, where he has spent 21 years of his career and was most recently general counsel for Europe, the Middle East, Africa, India (EMEAI) and Asia Pacific.
Rutter will lead a combined legal and risk group, with the company’s current general counsel Emma Peach and head of risk Tom Sleight both reporting into him.
The appointment follows a change in the regulation of the consumer credit industry, with the Financial Conduct Authority (FCA) taking over from the Office of Fair Trading after that body was subsumed into the new Consumer & Markets Authority.
Callcredit CEO Mike Gordon said Rutter would “provide critical guidance as we look to double the business over the next five years and expand into international markets”.
It is not yet known who will replace Rutter at Experian.