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September 14, 2021

QV Systems appoints ex-Barclaycard head as finance director

By Alejandro Gonzalez

QV Systems, the SaaS provider for the financing and leasing industries, has announced the appointment of Tracy Balachandran, former Barclays VP and recently FD of a high growth SME, as finance director.

Balachandran has taken over responsibility for QV Systems’ finance function, leading automation and streamlining initiatives, taking charge of forecasting and financing to help transform QV Systems to the next level, and drive the company’s ambitious growth strategy.

Balachandran has a stellar track record in a wide variety of industries, including healthcare, pharmaceuticals, digital, retail, property investment, professional and financial services, and online training.

A graduate of Big Four accountancy firm KPMG, she has held senior positions in a range of businesses of every size, including blue-chip and private enterprises, VC and Angel-backed start-ups, and FTSE-listed firms.

Between 2007 and 2016 Balachandran held several senior roles at Barclays, including heading up the finance teams supporting all strategic investments in Barclaycard. During her time, she supported a digital start-up through two rounds of fundraising. Following her roles at Barclays, she worked with a high-growth SME for five years, growing the business by 164% during that period. She also worked on several technology-first projects, including data analytics and data warehousing.

Balachandran is among several recent hires at QV Systems, including the recent appointment of Louise Ikonomides as strategic enterprise consultant earlier this year. The growth in the senior team reflects the company’s recent success in transforming the financing and leasing market through its Accelerate platform: a flexible, cloud-based system that streamlines and digitises lending and leasing processes for automotive and asset finance companies.

Daniel Layne, CEO of QV Systems, said: “Tracy has an enviable record both in finance and technology, which makes her the ideal appointment as we grow our business and continue to transform the financing and leasing landscape with our data-driven technologies.

“As an NLP-qualified leader, we look forward to her influence on boosting teamwork and performance, and helping every team member with their professional self-development as we build the next generation of collaborative business solutions.”

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