Amigo - comment

Amigo announced a couple of board appointments that are signposting its move from looking backwards to looking forward to implementing its new business plan. Amigo has appointed Danny Malone to the board as he moves from temporary to permanent CFO. Malone has the CV necessary to be the CFO of Amigo 2.0 and getting him to sign up is another step towards a return to lending. Additionally, Maria Darby-Walker, a non-executive director has been appointed Senior Independent Director; this appointment requires approval by the FCA, the timing indicates to us that Amigo was awaiting the court's approval of the scheme of arrangement having already discussed it with the regulator.