Zaim Credit Systems Plc
ZAIM:LN
Overview
Company Profile
Zaim Credit Systems plc is the holding company of a Russian based financial services company Zaim Express LLC (“Zaim” or (“Zaim Express LLC”)). In 2011, Zaim entered Russia’s burgeoning microfinance sector following the introduction of the Microfinance Business Law which enabled non-bank institutions to provide loans to citizens and companies.
Zaim’s core product is providing microloans to Russian consumers. Zaim provides its loans in cash and on its Zaim Express branded bank cards. Loans offered are 30,000 Russian Roubles or less with a maximum duration of 30 days.
Classification
Financials
Corporate
Board of Directors
Siro Donato Cicconi
Chief Executive Officer
Siro is an experienced Italian executive director that has worked for and advised numerous businesses in Italy many of which were in turnaround or distressed situations. In late 1990’s Siro advised on fundraisings for strategic R&D projects of many organisations (including Alfa Gomma Group and Benelli Motors SpA), which involved managing relations with European, Italian and local financial administrations. He also assisted several other industrial groups to raise finance for their acquisition plans. From 2005 until 2010 he provided corporate finance advice to several businesses. Between 2011 and 2013 he was appointed Managing Director of IMT SpA, a large Italian manufacturer of drilling equipment, to turnaround that business. After finishing this role he become managing director of EER to fund Zaim and managed the rationalisation of Zaim’s operations and returned it to profitability.
Simon James Retter
Finance Director
Simon started his career at Deloitte & Touche LLP (now known as Deloitte LLP), where he qualified as a Chartered Accountant specialising in corporate finance transactions. He has been instrumental in setting up several private and listed companies including Paragon Diamonds Limited a vertically integrated diamond business and Fragrant Prosperity Holdings Limited, a fintech acquisition vehicle. Simon has undertaken numerous IPO’s and Reverse Takeovers and has a wealth of public market experience. He currently holds the position of Chief Financial Officer of AIM quoted Horizonte Minerals Plc as well as various other board positions on listed companies across a broad range of industries. Simon holds the position of Finance Director of SulNOx Group plc which has developed an innovative fuel conditioner to reduce harmful emissions from diesel and HFO combustion engines.
Vladimir Golovko
Chief Operating Officer
Vladimir was previously the COO of Zaim from inception in 2011 prior to becoming CEO. Prior to joining Zaim he was General Manager of the Pyaterochka retail chain (a franchisee network) (2004 – 2011) and had previously been Communication Director (1999-2011). Vladimir also previously worked for Uniland (the largest wholesale company in Russia at the time) as Sales & Marketing Manager, Uniland is now operating as a supermarket chain, DIXY. Vladimir graduated from Volgograd branch of Moscow State University of Commerce in 1997 with a degree in management.
Malcolm Groat
Non – Executive Chairman
Mr Groat is a Chartered Accountant and MBA graduate. Following an early career with PwC in London, he held CFO, COO and CEO roles in international businesses, including with the construction engineering firm that is now Arcadis. Since 2005, Mr Groat has held non-executive board positions, mainly with growth ventures listed on AIM and the main market but also with larger bodies such as the UK’s former Milk marketing Board, Corps Security, and Baronsmead Second Venture Trust PLC. Mr Groat chaired a Singapore-based consulting firm (2010-2012) and a UK-based technology group (2013-2015) that enables secure and fast IT connectivity for financial institutions and military applications around the world.
Paul James Auger
Non – Executive Director
With a career of over 30 years in finance and lending, Mr Auger has been a director of Essex based and FCA regulated mircolender TFS Loans Limited ("TFS") for over 10 years. Established by Paul in 2009, TFS is focused on the guarantor loans market and currently offers guaranteed loans under £15,000 to retail consumers. Established in 2009, TFS was initially authorised by the Office of Fair Trading until responsibility was transferred to the FCA in April 2014 when it was given interim authorisation until our full authorisation was granted by the FCA at the end of 2016.