Financial outsourcer HML has secured a contract with Arrow Global, the debt purchase solutions provider which will see Arrow Global acquire a portfolio of loans serviced by HML.

Andrew Jones, HML's chief executive, said: "HML's role as a servicer means we're in a unique position to drive value for clients and buyers. We have access to the contacts to facilitate these deals and can reduce migration and on-boarding costs if we continue to service the portfolio, or migrate them onto our platform against a strict deadline if they are currently being serviced elsewhere."