11 December 2018
Arrow Global starts a new partnership with JA Europe to equip thousands of young people in Europe with financial literacy skills.
Today, it is more important than ever before that young people leave school with a good understanding of financial literacy. To help them make responsible and informed decisions as consumers of financial services, Arrow Global PLC has teamed up with Junior Achievement Europe to deliver financial education across six countries in Europe.
Based on successful partnerships with JA Ireland and JA Portugal, Arrow Global decided to expand the programme to the UK, Albania, Italy and the Netherlands. Commenting on the partnership with JA Europe, Lee Rochford, Group Chief Executive Officer, said: “I’m delighted Arrow is partnering with Junior Achievement Europe to equip around 2,200 young people with vital employability and financial literacy skills. This is perfectly aligned with our Group-wide Purpose, which is to build better financial futures for our customers but also the communities where we operate. I’m excited by this partnership and that over 200 of our employees will benefit from helping young people.”
As a leading European credit and asset management business, Arrow Global purpose is to Build Better Financial Futures for all its stakeholders including communities where it operates. Arrow Global considers financial education as an essential life skill that makes young people more attractive to employers, as well as essential to take responsible financial decisions as adults.
By involving schools in those six countries, JA programmes run throughout the year and help young people understand the link between good financial skills and a successful business or professional life.
“At JA, we see financial literacy as a key skill that supports long-term outcomes like entrepreneurship and employability. We aim to ensure financial education becomes part of the curriculum within entrepreneurship education modules. Eventually, skills-based volunteering schemes like this one with Arrow Global contributes to bridging the financial skills gap and equip young people to succeed in a global economy,” added Caroline Jenner, CEO of JA Europe.
About JA Europe
JA Europe is the largest non-profit in Europe dedicated to preparing young people for employment and entrepreneurship. JA Europe is a member of JA Worldwide which for 100 years has delivered hands on, experiential learning in entrepreneurship, work readiness and financial literacy. JA creates pathways for employability, job creation and financial success.
Last school year, the JA network in Europe reached more than 4 million young people across 40 countries with the support of 140,000 business volunteers and 130,000 teachers/educators.
About Arrow Global
Established in 2005, Arrow Global specialises in the purchase, collection and servicing of non-performing and non-core assets. We identify, acquire and manage secured and unsecured loan and real estate portfolios from financial institutions, such as banks and credit card companies, as well as retail chains, student loans, motor credit, telecommunication firms and utility companies.
We play an active role in helping financial institutions reduce their balance sheets and recapitalise in order to increase mainstream lending. By purchasing and managing non-performing loans and other non-core assets, we provide valuable capital and expertise to a growing European market.
We are a regulated business in all of our European markets, managing over £51.5 billion AUM across six geographies with over 1,700 employees and approximately 10 million customer accounts.
In 2017, we helped over 750,000 customers to start clearing their debts in a manageable and timely manner.