Non-Executive Director Appointment

RNS Number : 6566W

Vanquis Banking Group PLC

19 April 2023

 

Vanquis Banking Group plc

Non-Executive Director Appointment

19 April 2023

The Board of Vanquis Banking Group is pleased to announce the appointment of Sir Peter Estlin as a Non-Executive Director of the Company with immediate effect/effect from 19 April 2023. Following his appointment, Peter will become a member of the Nomination, Audit and Remuneration Committees.

Patrick Snowball, Chairman of Vanquis Banking Group, commented:

"I am pleased to welcome Peter to the Board of Vanquis Banking Group and look forward to working with him. Peter has significant experience across banking, finance and digital innovation and his experience will be highly relevant as we continue the development of the organisation as a specialist banking group."

Career summary

Following a 30-year career in banking and finance, Peter is an extremely experienced leader, who was knighted in 2020 for his services to International Business, Skills and Inclusion. He qualified as an accountant with Coopers & Lybrand, where he later became a Partner, before joining Citigroup where he held the role of CFO for the Asia Pacific and, latterly, the Global Corporate & Investment Bank businesses. From 2008 onwards, Peter held senior roles at Barclays plc including Group Financial Controller, CFO of the Retail & Business banking division and acting Group CFO.

In 2013, Peter stood for election as an Alderman for the City of London, a role he still holds today, serving on the Digital Services, Finance and Education Committees. In 2016, he was elected Sheriff of the City and as Lord Mayor in 2018. Since 2019, Peter has pursued a plural career as a Non-Executive Director (NED). He is currently an Independent Member of the Supervisory Board of Rothschild & Co and a NED of the Institute for Apprenticeships and Technical Education (IfATE).

Sir Peter Estlin commented:

"I am delighted to be joining the Board of Vanquis Banking Group as a Non-Executive Director. It was the Group's successful repositioning as a specialist banking group and its strong sense of social purpose that really attracted me to the role. I am hopeful that my experience across banking, finance and digital innovation will enable the Group to continue its repositioning and digital expansion efforts."

Enquiries:

Analyst and shareholders:

Owen Jones, Group Head of Investor Relations   07341 007842

[e-mail]

Media:

Richard King, Vanquis Banking Group  07919 866876

Nick Cosgrove/Simone Selzer, Brunswick   0207 4045959

[e-mail]

The following information is disclosed in accordance with LR 9.6.13:

In accordance with the Listing Rules, there are no other matters requiring disclosure under 9.6.13R of the Listing Rules of the Financial Conduct Authority in relation to the appointment of Sir Peter Estlin.

Notes to editors:

Sir Peter Estlin, career summary:

1972 - 82	Educated at King Edward's, Witley (a foundation bursary boarding school) and the University of Bristol
1982 - 94	Coopers & Lybrand (formerly Deloitte Haskins & Sells); Chartered Accountant, Partner, (Bristol and London)
1994 - 08	Citigroup Inc; Director Internal Audit, CFO Asia Pacific, CFO Global Corporate & Investment Bank (London, Hong Kong and New York)
2008 - 19 (Sabbatical 2018/19)	Barclays plc; Group Financial Controller, CFO Retail & Business Banking, CFO Non Core, Co-Head Finance, Acting Group CFO (London)
2013 - to date	City of London Corporation; Alderman, Sheriff (2016/17), Lord Mayor (2018/19)
2019 - to date	Plural non-executive with appointments including Rothschild & Co and IfATE

 

END

 

 

BOASFIFMAEDSELL