Debt buyer PRA Group announced that Lance L. Weaver has been appointed by the company's board of directors to serve as an independent director.
Weaver has nearly 40 years experience in consumer financial services as an executive across the consumer lending, mortgage and credit card asset classes.
He has served as an advisor to financial services companies including VISA, Citigroup, Allied Properties and Apollo Capital. He also was president of money cards for Virgin Money Holdings in the United Kingdom from 2013 to 2015.
Before holding these positions, Weaver was president of EMEA Card Services for Bank of America, with approximately $30 billion in assets across Europe, Canada and China.
He previously had served on the senior management team of MBNA Corp. for 15 years, where he helped build MBNA into the largest independent credit card lender in the world when it was acquired by Bank of America in 2006. His previous experience includes executive leadership roles with Citigroup, Wells Fargo and Maryland National Bank.
"Lance Weaver's deep experience in the financial services industry will be a strategically important addition to our board of directors," said Steve Fredrickson, chairman and chief executive officer of PRA Group. "His expertise in consumer credit card lending and collections, combined with his international financial services experience, will be a valuable asset as PRA continues to identify areas of opportunity for global growth.”
Weaver earned a Bachelor of Arts degree in marketing from Georgetown University. He is a past member of the Georgetown University board of directors and board of trustees, and a past board chair of MasterCard.