Equals Group PLC Directorate Changes (9598Y)
15 September 2020 - 4:00PM
UK Regulatory
TIDMEQLS
RNS Number : 9598Y
Equals Group PLC
15 September 2020
15 September 2020
Equals Group plc
('Equals' or the 'Group')
Directorate Changes
Appointment of Independent Non-Executive Director
Equals (AIM:EQLS) , the fast-growing B2B focused e-banking and
international payments group, is pleased to announce the
appointment of Sian Herbert as an Independent Non-Executive
Director. The appointment will become effective as of 1 October
2020, with Sian taking the position of Head of the Audit
Committee.
Sian Herbert has had an extensive City career spanning 35 years
within audit, financial crime, risk and regulation, focusing on the
financial services and technology sectors. She gained 25 years'
experience at PricewaterhouseCoopers LLP ('PwC'), including fifteen
years as Partner, stepping down in June 2020. At PwC, Sian was a
partner within the forensic services group, becoming an established
expert in financial services, e-money and payment services,
advising on financial crime, risk, regulatory change and the impact
of technology.
As well as being a member of the ICAEW, Sian is also a Member of
the Hong Kong Society of Accountants. Since July 2020, Sian has
held a position as a Non-Executive Director of HBL Bank UK
Limited.
Coinciding with the appointment of Sian Herbert, Bob Head, who
has been a Non-Executive Director of the Company since July 2016,
is stepping down from the Board. Following a brief transition
period, Bob will officially step down from the Board on 1 October
2020.
Commenting on the changes, Alan Hughes, Non-Executive Chairman
of Equals, said: "We are delighted to be able to bring someone of
Sian's standing to lead the Audit Committee and contribute to the
wider strategic initiatives of the Group. Sian is a distinguished
practitioner, having spent decades advising the highest levels of
management on corporate strategy relating to the impact of
financial technologies and regulatory change. Her extensive
knowledge will be of undoubted benefit to the Board and the
Group.
"I would also like to thank Bob for his considerable
contribution to the growth of Equals. As Chair of Audit and Risk,
Bob has embodied the key assets of a Non-Executive both in his
depth of knowledge and his challenge to the Board and executives.
We wish him continued success in the future."
- Ends -
For more information, please contact:
Equals Group plc
Alan Hughes, Non-Executive Chairman Tel: +44 (0) 20 7778
Ian Strafford-Taylor, CEO 9308
www.equalsplc.com
Cenkos Securities plc (Nominated Advisor
/ Joint Broker)
Max Hartley / Callum Davidson Tel: +44 (0) 20 7397
Nick Searle (Sales) 8900
Canaccord Genuity (Joint Broker)
Bobbie Hilliam / David Tyrell Tel: +44 (0) 20 7523
Alex Aylen (Sales) 8150
Buchanan (Financial Communications)
Henry Harrison-Topham / Steph Watson Tel: +44 (0) 20 7466
/ Toto Berger 5000
equals@buchanan.uk.com www.buchanan.uk.com
Notes to Editors:
Equals is a leading challenger brand in banking and payments
that disintermediates the incumbent banks with a superior user
experience and low-cost operating model. The Group enables its
personal and business customers to make easy, low-cost payments
both domestically and in a broad range of currencies across a range
of products all via one integrated system.
Equals provides money movement services to both business and
personal customers through five inter-connected channels -
International Payments, Corporate Expenses platform, Bank Accounts,
Travel Money (comprising currency cards and physical currency).
International Payments channel supports wire transfer foreign
exchange transactions direct to bank accounts. For corporates,
Equals has a market-leading business-expenses solution based around
its corporate platform and prepaid card which yields significant
cost savings via tighter control on expenses before they are
incurred coupled with eliminating inefficient processes. Equals
also offers business and retail bank accounts with all the
functionality offered by banks, namely faster payments, BACs,
direct debits, international payments and a debit card. The Travel
Money offerings (retail currency card and physical currency)
represent cost-effective and secure methods for travelers to spend
abroad.
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