Secure Trust Bank PLC Directorate Change (3323D)
28 June 2021 - 10:12PM
UK Regulatory
TIDMSTB
RNS Number : 3323D
Secure Trust Bank PLC
28 June 2021
PRESS RELEASE
Secure Trust Bank PLC
LEI: 213800CXIBLC2TMIGI76
28 June 2021
For immediate release
SECURE TRUST BANK PLC
Appointment of Independent Non--Executive Director and
Changes to Board and Committee Composition
Secure Trust Bank PLC ("STB" or the "Company") announces the
appointment of Finlay Williamson as an independent Non -- Executive
Director of the Company with effect from 30 June 2021. Finlay will
also join the Risk Committee and Nomination Committee on the same
date.
Finlay Williamson has many years of banking experience, gained
initially at The Royal Bank of Scotland Group PLC (now NatWest
Group plc) and then at Virgin Money Holdings (UK) plc where he was
Chief Financial Officer prior to the IPO. Finlay was previously a
Non-Executive Director at Paragon Banking Group PLC, chairing the
Group and Bank Risk Committees and is currently the Chairman of the
Audit Committee and Senior Independent Director of Hampden & Co
PLC. He is a graduate of Edinburgh University and a qualified
accountant.
The Financial Conduct Authority and the Prudential Regulation
Authority (Regulators) have been informed of the appointment of
Finlay Williamson.
Lord Forsyth, Chairman, said:
"Finlay brings substantial banking, financial, risk and
governance experience acquired in his previous roles, as well as
knowledge of the Challenger Bank market. He will complement the
skills and experience of the existing directors and further
strengthen the Board and Risk Committee. I am delighted to welcome
Finlay to the Board and look forward to the contributions he will
make"
The Company was assisted in the recruitment process by Ridgeway
Partners who were appointed in January 2020 to support STB in
identifying suitable executive director candidates and were
reengaged for the process of recruiting an additional non-executive
director. Ridgeway Partners were originally appointed following a
competitive tender.
The Company confirms that there is no other information about
Finlay Williamson requiring disclosure under paragraph 9.6.13 (1)
to (6) of the Listing Rules of the UK Listing Authority.
--ENDS-
Enquiries:
Secure Trust Bank PLC
Mark Stevens, Company Secretary
Tel: 0121 693 9100
About the Company:
Secure Trust Bank is an established, well--funded and
capitalised UK retail bank with a 69 year trading track record.
Secure Trust Bank operates principally from its head office in
Solihull, West Midlands, and had 1,003 employees (full-- time
equivalent) as at 31 December 2020. The Group's diversified lending
portfolio currently focuses on two sectors:
(i) Business Finance through its Real Estate Finance, Asset
Finance and Commercial Finance divisions,
(ii) Consumer Finance through its Motor Finance, Retail Finance,
Debt Management and Consumer Mortgages divisions.
As at 31 December 2020 the Group's loans and advances to
customers totalled GBP2,358.9 million, customer deposits totalled
GBP1,992.5 million and the Group's total customer base was well
over 1.5 million.
Secure Trust Bank PLC is authorised by the Prudential Regulation
Authority and regulated by the Financial Conduct Authority and the
Prudential Regulation Authority.
Secure Trust Bank, PLC, One Arleston Way, Solihull, B90 4LH.
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END
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