Vardis is Proud to Support TPG Capital & The Warranty Group in Appointing Gary Jennison as a Chief Executive Officer of its European Operations.
The Warranty Group, a leading global provider of warranty solutions and underwriting services, is proud to announce the addition of Gary Jennison to the executive leadership team. Jennison joins The Warranty Group as Chief Executive Officer of its European business operations.
In this role, he will be responsible for managing overall business growth, client relationships, and new business development for the company's business activities throughout the United Kingdom and continental Europe. "We're very happy to have Gary join our team," said Thomas W. Warsop III, President and Chief Executive Officer of The Warranty Group. "He has extensive experience in leading established businesses through transformational growth initiatives. I'm confident that experience, coupled with his knowledge of the European marketplace, will enable The Warranty Group to strengthen our presence in the region through the offering of innovative, best-in-class products and services."
Jennison brings more than 35 years' experience to his new role with The Warranty Group. Having spent the majority of his career in the banking industry, Jennison served as Managing Director for the UK branch network at Barclays Bank where he was responsible for 2,100 branches and 21,000 associates. As Chief Executive for Secure Trust Bank, he led the retail bank organization through the economic downturn, while helping the bank post record profits in 2009. He then became Managing Director at Payzone UK where again his leadership helped the organization post double-digit profit growth. In 2013, Jennison assumed the role of Group Deputy CEO of Jerrold Holdings.
He begins his tenure with The Warranty Group effective today and will be based in the company's regional office located in Egham, Great Britain.
About The Warranty Group: Celebrating more than 50 years of industry leadership, The Warranty Group is one of the world’s premier global providers of warranty solutions and related benefits, with operations in more than 35 countries and nearly 1,700 employees. With Virginia Surety Company and London General Insurance as our wholly-owned insurance companies, The Warranty Group is a single-source solution that provides underwriting, claims administration, and marketing expertise to some of the world’s leading manufacturers, distributors, and retailers of consumer goods including automobiles, homes, consumer appliances, electronics, and furniture, as well as specialty insurance products and services for financial institutions.
TPG is one of the largest global alternative investment firms in the world, with total assets under management (“AUM”) of $74.3 billion as of June 30, 2015. The Firm operates a global alternative investment platform that encompasses private equity, private credit, real estate, and public equity. While private equity continues to be TPG’s largest asset class, representing approximately 80% of AUM, its development of complementary investing businesses allows a further extension of its capability set.