Tim Keast, chief executive of Clayton Euro Risk, a subsidiary of Clayton Holdings, is to leave the company at the end of June.
Keast (pictured) has served as the company’s CEO from its days as Euro Risk Management through the 2007 acquisition by Clayton. It is now the largest specialist risk and due diligence firm in Europe.
Keast says: “I have been planning to work fewer hours for some time now, and felt the Company was in a strong position with an outstanding team of senior managers and staff to take the business forward, and that now would be a good time.”
Clayton has appointed two senior executives to the positions of co-CEOs. Michael Bolton will manage Clayton Euro Risk’s commercial business and strategic development and will oversee the various country heads, and Teresa Gallagher will manage operations and delivery. They will both report, as Keast did, to Paul Bossidy, president of the US entity Clayton Holdings, LLC.
Bossidy says: “I have worked with Tim for five years and I am sad to see him go. Although Tim is leaving the Due Diligence business, I am sure that he won’t be completely retired and that he will be doing something different in the future. Clayton Euro Risk has proven to be a very successful business and Tim will be leaving it in good shape as we move forward.”
Bolton says: “Firstly, I'd like to add my best wishes to Tim for the future. We intend to continue the growth of the business and are excited by the opportunities to expand both our product offering and footprint in new markets and jurisdictions opening across Europe."
Clayton Euro Risk gives its clients insight into the quality of most types of assets, including performing and non-performing, first and second charge residential, commercial, consumer loans, credit cards, leasing and auto loans.
CER offers a pan-European presence with locally based underwriters, specialists and country heads in most major European markets. Activity today includes Ireland, Spain, Portugal, Greece, Cyprus, Holland, France, Germany, Italy, Russia and Scandinavia as well as other areas such as Australia, Central America, and certain Balkan areas.