Access Financial Services Ltd announced the first of its operational restructuring since Proven Investments Ltd acquired roughly half of its shareholdings in December.

Five positions were affected in the move, including two promotions. However, the company made three positions redundant, led by its business developmment manager. That’s a position held previously by Alexander Johnson, who held the dual position of executive director, a position that appears to be unchanged. Calls for clarity went unanswered at Access as the four telephone numbers dialled by the Observer between 10:00 am and noon rang without answer.

In fact, last May, Johnson held another position, that of co-chief executive, along with Marcus James for a brief stint. However, the Supreme Court indicated that that appointment was in breach of orders.

Last year, James, who founded Access, and Mayberry Investment — then the two largest shareholders –were caught in a legal battle.

The company also made the human resources manager and training officer positions redundant.

Regarding the promotions the company stated on Monday that “Deveta McLaren has been appointed manager, retail credit sales, and Catherine Thomas to the position of manager, credit administration, effective January 16, 2015”.

McLaren joined the company in 2012 as its marketing manager, while Thomas has held the post of operations manager since 2010, according to Access.

Proven Investments announced on December 30 that it had become the largest shareholder in microlender Access Financial through its 49 per cent acquisition for $1.2 billion, after the shares were offloaded by Mayberry Investments and other shareholders. This will result in Proven’s chief executive officer, Chris Williams, joining the board of Access.