Experienced Leader Owen James Promoted to President of PRA Group Europe

Core Insights - PRA Group, Inc. has promoted Owen James to president of PRA Group Europe, succeeding Martin Sjolund [2][3] - James will oversee portfolio investments across Europe and lead operations in 15 markets, aiming to enhance profitability [1][4] - The European business has successfully invested over $3 billion in portfolios in the past seven years, becoming a key performance driver for the company [4][5] Leadership and Experience - Owen James has over 30 years of experience in financial services, including 13 years at PRA Group [5] - He has held various leadership roles within PRA Group's European business and previously worked at Intrum for over 15 years [5][6] - Martin Sjolund expressed confidence in James's ability to lead PRA Group Europe, highlighting his investment experience and operational expertise [6] Company Overview - PRA Group is a global leader in acquiring and collecting nonperforming loans, helping to return capital to banks and creditors [7] - The company operates in the Americas, Europe, and Australia, employing thousands of staff to assist customers in resolving debt [7]