March 14, 2008 11:03 ET

Jonathan Back Is Appointed as New Managing Director for Group RCI UK

PARSIPPANY, NJ--(Marketwire - March 14, 2008) - A new managing director has been appointed to lead Group RCI's two largest UK based businesses, Holidays Cottages Group (HCG) and RCI UK & Continental Europe.

In his role as Managing Director, Back will be responsible for growing these two key businesses and creating significant opportunity for the execution and introduction of new products, enhancing customer service and expanding Group RCI's European geographical presence. Back will manage a staff of 1,800 who serve developer and customer communities from local offices.

John Paul Nichols, president and managing director, Group RCI EMEA, said: "In Jonathan I believe we have found a dynamic and motivated leader who will drive business in new markets across Europe for Group RCI, its developer community and industry associates with enthusiasm and imagination."

"Jonathan has valuable experience in many of the operational fields that are crucial in growing the exchange and rentals sectors of our markets. He has a strong business development and marketing orientation, as well as a focus on customer service and satisfaction which will be key in assuring a customer-centric environment within Group RCI."

Back joins the company from Picture Financial Group, a leading second mortgage specialist funded by Merrill Lynch and Deutsche Bank, where he was board director, chief operating director and deputy CEO. He drove the strategic and tactical development of customer service, including call centre operations and was also responsible for direct sales and third-party relationships.

A chartered accountant, he spent 13 years of his career with MBNA Europe, the European subsidiary of MBNA Corporation. Back's work at MBNA saw him playing a major role in the launch of one of the UK's leading financial service companies. Back will be working out of offices in Kettering and Earby in the UK. He will be traveling extensively and working with Group RCI's Brett Archibald, senior vice president, business development, and Dimitris Manikis, vice president, global business group, to enhance the value of affiliation to the developer and owner communities.

Nichols added: "Jonathan will be working with our developers and global business development team, to enhance the value of affiliation by ensuring both established and new business models receive all the support they need to help them gain an increasing share of the leisure real estate market."

Back began his career with Arthur Andersen & Co, joining the Standard Chartered Bank in 1991 as financial controller -- retail financial services. While at MBNA Europe, Back held a number of high-profile roles, including director, new business, overseeing product development, new markets and marketing. Simultaneously serving as board director of Visa UK, he was involved in the sponsorship of the 2006 Winter Olympics, the roll out of the 'every day' media campaign and 'CHIP and PIN', as well as the public listing of MasterCard.

About Group RCI

Group RCI, part of the Wyndham Worldwide family of companies (NYSE: WYN), is the global leader in non-hotel leisure accommodations with exclusive access for specified periods to more than 60,000 vacation properties in more than 100 countries. Organizationally, Group RCI is comprised of timeshare exchange, including RCI®, the worldwide leader in timeshare exchange and provider of travel services to businesses and consumers and The Registry Collection®, the world's largest luxury exchange program; vacation rentals, including Endless Vacation Rentals(SM) , Landal Greenparks®, Novasol®, and more than 30 other vacation rental brands, through which vacationers can rent a wide variety of property types, from city apartments to country cottages to unique villas; and NorthCourse®, Leisure Real Estate Solutions, an international leader in providing a full spectrum of advisory, research, asset management and turnkey solutions and services. Collectively, the company delivers vacation experiences to leisure travelers around the world and provides products and services to business customers that support the growth of the leisure real estate industry. Wyndham Worldwide Corporation is one of the world's largest hospitality companies with leading brands in lodging franchising, vacation ownership, vacation rentals and vacation exchange. For additional information visit or the media center of

Group RCI is the trading name for RCI Europe and Holiday Cottages

Group Limited (and their respective subsidiaries).

RCI Europe Co. No: 01148410. Holiday Cottages Group Limited: Co. No: 01400552.

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