Ms Kidd has over 15 years of senior management experience, including a decade of strategic development and plan execution on a UK basis. She also has 32 years experience in collections.

Ken McGeoch, XFS Limited CEO, said: “Margo is the right leader for XFS Limited. Margo’s extensive knowledge and background with the FCA, will help XFS strengthen relationships, developer strategic alliances and expand our client base.”

Margo Kidd added: “I am very excited to be joining the XFS team. I believe XFS has a great business model and talented management team that I have previously worked with. XFS Limited uniquely positions itself to assist its clients in the current changing economic climate. As the industry evolves and adjusts through restructuring, consolidation and technology migrations, I believe XFS Limited is in a position to provide a cost-effective and timely suite of strategies and services to help all, from SME’s through to larger Private and Public sector organisations.”

Ms Kidd will take up her role this month.