Secure Trust
Bank PLC
LEI:
213800CXIBLC2TMIGI76
24 October
2024
SECURE TRUST BANK PLC
("STB" or
the "Company")
Non-Executive Director
Succession
The Company is pleased to announce
the appointment of Julie Hopes as an independent Non-Executive
Director with immediate effect, serving on the Remuneration
Committee, Audit Committee and Nomination Committee from
appointment. It is intended that Julie will be appointed
Chair of the Remuneration Committee subject to, and with effect
from, the date of regulatory approval.
Victoria Stewart, the current Chair
of the Remuneration Committee, who is entering her ninth year on
the Board, will step down as a Non-Executive Director, effective
from 31 December 2024 or, if later, the date of regulatory approval
for the new Chair of the Remuneration Committee.
Julie Hopes is a Non-Executive
Director of Saga plc where she chairs the Remuneration and Risk
Committees and is Deputy Chair, and Chair of the Remuneration
Committee, of West Bromwich Building Society. She is currently a
Non-Executive Director of MS Amlin Underwriting Limited, where she
also chairs the Risk and Solvency Committee, however, will be
stepping down from this role on 31 October 2024. Julie has
previously served as Chair of Police Mutual and a Non-Executive
Director and Chair of the Risk Committee of Co-Operative Insurance.
Julie built her executive career in insurance having served in a
number of senior roles at RSA plc, before becoming Managing
Director of Insurance at Tesco Bank.
The Company also announces that
effective immediately Victoria Mitchell, a current Non-Executive
Director of STB, will become a member of the Company's Risk
Committee.
Jim Brown, Chairman of STB said "We
are delighted to welcome Julie to the Board. Her previous experience within financial services, strong
customer focus and growth mind-set will be valuable attributes to
the Board as we pursue our growth strategy. I would like to extend
our sincere thanks to Victoria Stewart for her valuable
contribution to the development of the Company since her
appointment in 2016."
There are no additional matters that
would require disclosure pursuant to UKLR 6.4.8 of the Listing
Rules of the UK Financial Conduct Authority.
Enquiries:
Secure Trust
Bank PLC
David McCreadie, Chief Executive
Officer
Tel: 0121 693 9100
Investec Bank
plc (Joint Broker)
David Anderson
Christopher Baird
Maria Gomez de Olea
Tel: +44 (0) 20 7597 5970
Shore Capital
Stockbrokers (Joint Broker)
Mark Percy / Angus Murphy (Corporate
Advisory)
Guy Wiehahn (Corporate Broking)
Tel: +44 (0)20 7408 4090
Camarco
Ed Gascoigne-Pees,
Geoffrey Pelham-Lane, Sean
Palmer
securetrustbank@camarco.co.uk
Tel: 07591 760844
About STB
Secure Trust Bank is an established,
well‐funded and capitalised UK retail bank with over 70‐years of
trading history. Secure Trust Bank operates principally from its
head office in Solihull, West Midlands, and has 897 employees
(full‐time equivalent) as at 30 September 2024. The Group's
diversified lending portfolio currently focuses on two
sectors:
(i)
Business finance through its Real Estate Finance and Commercial
Finance divisions; and
(ii)
Consumer finance through its Vehicle Finance and Retail Finance
divisions.
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, Yorke House, Arleston
Way, Solihull, B90 4LH.