Target Group has appointed Dr Roger Newman as chief executive.

Newman has been a senior business leader at the firm’s parent company, Tech Mahindra for almost 20 years.

Prior to this, Newman held a variety of financial service technology roles at Thompson Reuters.

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Newman, said: “We have ambitious plans in place to double the size of the business in the coming years across our core loan and mortgage servicing lines, and we have already made great headway to achieving that goal.

“Crucial to that will be leveraging the experience and tech capabilities of our parent, Tech Mahindra.

“We are working hard with our clients to make sure that customers in financial difficulties are treated fairly and get the help they need as we respond to the COVID-19 pandemic.

“By bringing our strengths to bear as a group, investing in our proposition and encouraging real innovation we can change servicing, software and processes for the better and make a measurable difference.”

Vivek Agarwal, chairman of Target Group, added: “I am pleased to welcome Newman as the new chief executive of Target Group.

“He has unrivalled experience in the delivery and development of financial service technology, and we are looking forward to seeing the benefits of his vision, experience and expertise to grow the business further.”