Finance Monthly - October 2023

10 Finance Monthly. The Monthly Round-Up JOHN LEWIS FINANCE APPOINTS ANDY PIGGOTT AS DIRECTOR OF CREDIT AND BANKING Andy Piggott has joined John Lewis Finance as Director of Credit and Banking. He will be responsible for the Credit and Banking division, which comprises the John Lewis Partnership Card, point-of-salecredit (interest free and interest bearing credit), travel money, and investments. Andy was most recently the Chief Product Officer at TransUnion UK. Prior to this, he worked for Metro Bank, TSB, and Lloyds Banking Group, in a variety of product leadership roles across current accounts, credit cards, loans, mortgages, and insurance. Amir Goshtai, Director of John Lewis Finance, said: “We’re delighted that Andy has joined us. He brings a wealth of experience from across the banking sector, as well as huge energy and enthusiasm for growing our business. “He joins at a really important time to maximise the opportunity to help our customers with their day-to-day and long term financial needs.” Andy Piggott said: “The trust and reputation of the John Lewis brand, combined with the vision that Amir and the team have for the financial services business provide a strong and enviable foundation from which to build. I’m really looking forward to getting stuck-in and helping take the business to the next level.” John Lewis Finance reported revenue growth of 4.3% at John Lewis Partnership’s half year results for 2023/24. Home Insurance policies are up nearly 20% vs last year, Pet Insurance sold 30% more policies vs last year, and the Partnership Credit Card grew customer numbers by 9% and issued over £30 million in vouchers to Partnership Card Customers over the period. John Lewis Finance offers the Partnership Credit Card; pet, home, and car insurance; foreign currency exchange; point-ofsale-credit; savings and investments; and money transfer services.

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