In his role as COO, Mr Moore will manage the administrative functions of the company. He rejoins the company after spending the past seven years with Santander Consumer USA. In addition, the company has also announced that James Holmes, who previously held the position of COO and treasurer, will be promoted to managing director of US operations.

James Sartain, president and CEO of FirstCity, said: We are pleased to have Jim Moore rejoin the company. Jim is a strong leader and team builder with impeccable credibility in the financial services industry. His knowledge and experience in the financial markets will add significant value to FirstCity.

The increased management depth that Jim Moore brings to FirstCity allows Jim Holmes to focus 100% of his time and talent on the abundant opportunities we are seeing in our main business line, the US asset acquisition and management.