LONDON--Paragon Group Of Companies PLC (PAG.LN) Thursday appointed a Barclays executive as its new chief operating officer, and said that it remains confident of meeting expectations for 2014 after posting a 17% growth in operating profits for the first nine months of the year.

The financial services company said Thursday that Pam Rowland will join the group as chief operating officer in September. Ms. Rowland is currently managing director of change delivery at Barclays U.K. retail and business banking.

For the nine month period to June 30, the company it made a operating profit of 88.3 million pounds ($150.58 million), up from GBP75.7 million in the year ago period. Pretax profit for the period totaled GBP88.8 million.

Shares of Paragon Group at 0748 GMT are trading slightly higher at 341 pence

Write to Tapan Panchal at tapan.panchal@wsj.com

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