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CYBG PLC (CYBGC.L)

CYBGC.L on London Stock Exchange

196.80GBp
19 Jul 2019
Change (% chg)

2.50 (+1.29%)
Prev Close
194.30
Open
196.20
Day's High
197.35
Day's Low
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1,540,849
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Summary

Name Age Since Current Position

James Pettigrew

2014 Non-Executive Chairman of the Board

David Duffy

2015 Chief Executive Officer, Executive Director

David Bennett

2017 Deputy Chairman of the Board and Senior Independent Non-Executive Director

Ian Smith

2014 Group Chief Financial Officer, Executive Director

Fraser Ingram

2018 Interim Chief Operating Officer

Mark Thundercliffe

2016 Group Chief Risk Officer

James Peirson

2014 Group General Counsel

Hugh Chater

2018 Managing Director, Core Bank (Virgin Money)

Kate Guthrie

2016 Group Human Resources Director

Peter Bole

2018 Integration Director

Enda Johnson

2017 Group Corporate Development Director

Fergus Murphy

2016 Group Customer Value Director

Gavin Opperman

Group Customer Banking Director

Helen Page

2017 Group Innovation and Marketing Director

Lorna McMillan

Company Secretary

Amy Stirling

2018 Non-Executive Director

Clive Adamson

2016 Independent Non-Executive Director

Paul Coby

2016 Independent Non-Executive Director

Geeta Gopalan

2018 Independent Non-Executive Director

Adrian Grace

56 2014 Independent Non-Executive Director

Fiona MacLeod

2016 Independent Non-Executive Director

Darren Pope

52 2018 Independent Non-Executive Director

Teresa Robson-Capps

2014 Independent Non-Executive Director

Timothy Wade

2016 Independent Non-Executive Director

Biographies

Name Description

James Pettigrew

Mr. James (Jim) Neilson Pettigrew is Non-Executive Chairman of the Board of the Company. He has over 30 years’ experience in business and finance gained from executive and senior positions principally within financial services. Jim was formerly Chief Executive Officer at CMC Markets PLC, Chief Operating Officer at Ashmore Group PLC, Group Finance Director at ICAP PLC and Deputy Group Finance Director and Group Treasurer at Sedgwick Group PLC. He is a chartered accountant and has extensive Non-Executive Director experience in a listed environment. He was previously Chairman of The Edinburgh Investment Trust PLC, Senior Independent Non-Executive Director of Crest Nicholson PLC, Non-Executive Director at Aberdeen Asset Management PLC, Non-Executive Director at AON UK Limited and Non- Executive Director at Hermes Fund Managers Limited. He is a past President of the Institute of Chartered Accountants of Scotland. His breadth of experience, credibility with key stakeholders and strong leadership qualities make him an effective Chairman. Senior Independent Non-Executive Director of Rathbone Brothers Plc and Director of a subsidiary company within the Rathbone Brothers Plc group; Chairman of Miton Group PLC; Chairman of RBC Europe Limited and Director of subsidiary companies within the RBC Group; Chairman of Scottish Financial Enterprise; and Co-Chair of Scotland’s Financial Services Advisory Board.

David Duffy

Mr. David J. Duffy is Chief Executive Officer, Executive Director of the Company. David has significant international finance and banking experience gained from a career spanning almost three decades. David’s proven ability to build and transform businesses and lead strong management teams brings significant value to all of the Group’s stakeholders. Prior to joining the Group, David was Chief Executive Officer at Allied Irish Banks plc, one of the largest retail and commercial banks in Ireland. He is a former Chief Executive Officer of Standard Bank International where he had responsibility for operations in the UK, Europe, Latin America and Asia. He was also previously Head of Global Wholesale Banking Network with ING Group and President and Chief Executive Officer of the ING wholesale franchises in the United States and Latin America. David is a past President of the Banking and Payments Federation of Ireland and a past Director of the European Banking Federation. David’s broad-based skills, leadership, energy and strategic vision are invaluable to the Group as it continues its strategic journey and cultural transformation. he is Senior Independent Director of NewTA Limited (trading as UK Finance), the industry body representing leading firms providing finance, banking, markets and payments-related services in or from the UK; HM Treasury Fintech Envoy for England; and a Board member of The Northern Powerhouse Partnership.

David Bennett

Mr. David Bennett is Deputy Chairman of the Board and Senior Independent Non-Executive Director of the Company, since 11 January 2017. David has significant experience in retail banking gained from a career spanning more than 30 years and including executive and senior roles in both the UK and internationally. David was Group Finance Director of Alliance & Leicester plc for six years before becoming its Group Chief Executive. Following the acquisition of Alliance & Leicester plc by Banco Santander he was appointed Executive Director on the Board of Abbey National plc. His in-depth experience of retail banking and involvement in organisational, operational and structural change is invaluable as the Group executes its strategy. He was formerly Chairman of Homeserve Membership Limited and has significant Non-Executive Director experience in a listed environment which has included being a Non-Executive Director of Bank of Ireland (UK) PLC, easyJet plc, and CMC Markets PLC. Chairman of Ashmore Group plc, Non-Executive Director of PayPal (Europe) S.a.r.l et Cie, S.C.A and Chairman of various companies within the Together Financial Services Limited group.

Ian Smith

Mr. Ian Smith is Group Chief Financial Officer, Executive Director of the Company. Ian has considerable experience in finance, audit and advising on bank strategy from a corporate transaction perspective gained from a career spanning more than 20 years. He has held senior finance roles in HBOS plc and Lloyds Banking Group plc and has provided advice to boards considering significant corporate transactions. He joined the Group in November 2014 from Deloitte LLP where he was a partner specialising in financial services. He is Non-Executive Director of 67 Pall Mall Limited.

Fraser Ingram

Mr. Fraser Ingram is Interim Chief Operating Officer of the Company. He joined the Group in 2016 and is currently Innovation and Change Director leading the Bank's transformation programme and creating the Bank's technology platform. Fraser is a highly experienced executive having held a number of significant, transformational, technology and operational roles in the UK, Europe and North America. Prior to joining CYBG, Fraser was the Chief Administration Officer, Kleinwort Benson. He has been working in financial services since 1984 and had a successful career at RBS, with roles including CIO at Citizens Bank and Managing Director responsible for servicing the RBS and NatWest retail banks. Fraser holds a Master in Business Administration from Aston Business School and is a Fellow of the Chartered Institute of Bankers. He is a founding Trustee of CUDECA, Spain's first independent palliative care centre and hospice.

Mark Thundercliffe

Mr. Mark Thundercliffe is Group Chief Risk Officer of the Company. Mark was appointed in September 2016 and has over 29 years of financial services experience. He joined the Group from HSBC where he was Chief Risk Officer responsible for management and oversight of risk for HSBC’s Retail Banking and Wealth Management business in 18 countries across the UK, Europe, the Middle East and Africa. Mark has also held a number of senior international positions, including President and CEO (Asia) with Home Credit in Hong Kong and he was also an Executive Director and Business Head (Russia) with Renaissance Capital in Moscow. With Citigroup he progressed from Chief Risk Officer (UK and Ireland) to become CEO of CitiFinancial (Russia). Prior to Citi, he worked with Associates Capital Corporation, latterly as Executive and Business Head, based in India.

James Peirson

Mr. James Peirson is Group General Counsel of the Company. James joined National Australia Bank Limited (NAB) in May 2005 and was appointed as General Counsel for the Group in November 2014. His previous roles include leading NAB’s London Branch legal team and roles supporting NAB and Clydesdale Bank Treasury activities as part of NAB’s Capital and Funding legal team in Melbourne and London. Prior to joining NAB, James worked in private legal practice at Hogan Lovells in London.

Hugh Chater

Mr. Hugh Chater is Managing Director, Core Bank (Virgin Money) of the Company. Hugh has over 25 years of experience in financial services. He was an executive founder at MBNA Europe, joining in 1993 from KPMG Management Consulting. At MBNA Hugh held executive roles in HR, Credit Management, Customer Satisfaction and Marketing before becoming Chief Operating Officer and then UK Managing Director. In 2007 Hugh joined RBS Retail to run the consumer credit card business. He subsequently ran the current account, savings, investments and insurance products. Hugh joined Virgin Money in June 2016 with responsibility for commercial performance, customer outcomes and optimising distribution and servicing channels.

Kate Guthrie

Ms. Kate Guthrie is Group Human Resources Director of the Company. Kate joined the Group in January 2016, and is responsible for developing and leading HR strategy. Kate has over 30 years of domestic and international HR experience, having worked in six different blue-chip organisations in four industrial sectors. Kate joined from Lloyds Banking Group after 11 years of service in a number of senior HR Director positions, most recently HR Director, Culture, Capability and Engagement.

Peter Bole

Mr. Peter Bole is Integration Director of the Company. Peter is a Chartered Accountant and has over 25 years of experience in financial services. Following roles with Deloitte and Standard Life, Peter joined RBS in 2001 where he held a variety of senior finance roles, latterly in RBS Insurance. In 2009, he joined Tesco Bank where he established the finance function as Chief Financial Officer and played a key role in the leadership of the business as it was migrated from RBS infrastructure. Peter joined Virgin Money in 2016 and became Chief Financial Officer in January 2017. Peter has responsibility for leading our integration programme across all functions, leveraging the best talent from CYBG and Virgin Money while minimising disruption to the Group’s operations and customer base.

Enda Johnson

Mr. Enda Johnson is a Group Corporate Development Director of the Company. Enda joined the Group in 2015 and he is responsible for leading the strategic planning process across the Group, and its strategic stakeholder engagement plan, fully aligning this to the Group’s cultural transformation and customer/commercial strategies. Before joining the Group, Enda worked at Allied Irish Banks in Dublin, where he joined as Head of Strategy and was appointed to Head of Corporate Affairs/Strategy and the Executive Leadership Team in July 2012. Prior to this, Enda was a member of the Banking Unit at the Irish National Treasury Management Agency (NTMA), where he worked on the recapitalisation and restructure of Irish banks following the global financial crisis and subsequent programme of financial support for Ireland provided by the IMF, ECB and EU in 2010. Before joining the NTMA, he worked with Merrill Lynch in New York, London and California, in their investment banking and capital markets divisions, focusing on client advisory and equity transactions for global clients on a cross industry basis.

Fergus Murphy

Mr. Fergus Murphy is Group Customer Value Director of the Company. Fergus joined the Group as Products Director in January 2016. He has over 20 years’ experience in financial services and he is responsible for the delivery of the Group’s product suite, including pricing, liability strategy and capital allocations. Prior to joining the Group, Fergus held a number of key roles at Allied Irish Banks from 2011 until 2015 including Director of Products and Capital Markets and, most recently, Director of Corporate and Institutional Banking. From 2008 until 2011 he served as CEO and Managing Director of BES Building Society and EBS Limited. Fergus also held a number of senior positions at Rabobank International between 1994 and 2007. He served as CEO Asia Region from 2003 and was previously a member of their Global Financial Markets management team, holding roles as Head of Global Treasury and Head of Global Investment Banks. Fergus spent his earlier career in the BNP Group working as a derivatives and corporate trader in the Markets division.

Gavin Opperman

Mr. Gavin R. Opperman is Group Customer Banking Director of the Company. Gavin joined the Group in November 2015. He has over 30 years of leadership experience in risk, operations and across front-line digital, retail, commercial, corporate and investment banking services. Gavin was previously Regional Head of Consumer Banking, Standard Chartered based in China, and prior to that held a number of senior positions across Asia in a career spanning 20 years with Barclays Group.

Helen Page

Ms. Helen Page is Group Innovation and Marketing Director of the Company. with over 25 years’ experience in marketing, consultancy and product development. Almost 15 years of those have been spent in financial services. Prior to joining the Group, Helen spent eight years at RBS in a number of roles. She became Managing Director for Marketing and Innovation and held responsibility for all UK brands across the Retail, Commercial and Corporate divisions. During this time, Helen was responsible for developing and delivering ‘Helpful Banking’ for NatWest. Helen was also Head of Brand Marketing at Argos, where she relaunched the catalogue company as a Retailer, and played a key role when the business became ‘Retailer of the Year’ and ‘Advertiser of the Year’ in 2003. Prior to Argos, Helen held a number of product and marketing roles at Abbey National (now Santander), where she became Head of Marketing. She also has experience in research, consultancy and central government roles. Helen has a degree in economics, development and planning and holds a diploma in Marketing from the Chartered Institute of Marketing.

Lorna McMillan

Ms. Lorna McMillan is Company Secretary of the Company. Lorna has broad experience and knowledge gained from over 20 years in the Group having held various roles in retail and business banking, wholesale banking, risk management and legal and governance areas. Lorna was appointed Company Secretary in October 2014.

Amy Stirling

Ms. Amy Stirling is Non-Executive Director of the Company. management experience from senior and board roles in a range of sectors including telecommunications, financial services and commerce. She was previously Non-Executive Director of Pets at Home Group Plc and the UK Cabinet Office. Amy is a Fellow of the Chartered Institute of Accountants for England and Wales. she is Chief Financial Officer of the Virgin Group and Non-Executive Director of RIT Capital Partners plc.

Clive Adamson

Mr. Clive Adamson is Independent Non-Executive Director of the Company, since 1 July 2016. Clive has considerable experience of UK and global economic, banking and regulatory matters gained from an extensive career in banking and financial services regulation. He held senior executive and advisory positions with the Financial Conduct Authority (FCA), the former Financial Services Authority and the Bank of England. He was previously Head of Supervision and an Executive Director of the Board of the FCA until May 2015. His strong understanding of the UK and global banking industry and related risks is invaluable to the Board. Chairman at JP Morgan International Bank Limited; Senior Independent Non-Executive Director at Ashmore Group plc; Non-Executive Director of The Prudential Assurance Company Limited; and senior adviser at McKinsey & Company.

Paul Coby

Mr. Paul Coby is Independent Non-Executive Director of the Company, since 1 June 2016. Paul is an accomplished IT professional with significant e-commerce, international and technology experience. In particular his understanding of how technology has changed consumer behaviour, how advances in digital technology can impact customer outcomes and his appreciation of the end-to-end customer journey in a strategic omni-channel context is invaluable to the Group as we develop new products and digital capability. In April 2018, Paul was appointed Chief Information Officer (CIO) of Johnson Matthey PLC. Prior to this, Paul was the John Lewis Partnership’s CIO, responsible for leading and coordinating IT across the John Lewis, Waitrose and JLP Group. Previously, Paul was IT Director at John Lewis and CIO at British Airways for 10 years. Paul’s other previous roles include Chairman of the Société Internationale de Télécommunications Aéronautiques (SITA), the global provider of systems, solutions and telecommunications to the air transport industry, Non-Executive Director at Pets at Home Group Plc and at P&O Ferries Limited, Chairman of the eSkills UK CIO Board and Chairman of the oneworld CIO Group which coordinated IT links across the 10 airline oneworld Alliance partners. Chief Information Officer of Johnson Matthey PLC.

Geeta Gopalan

Ms. Geeta Gopalan is Independent Non-Executive Director of the Company. Geeta has over 25 years of experience of financial services and retail banking, particularly payments and digital innovation. Geeta was Director of Payment Services with HBOS plc and previously Managing Director, UK Retail Bank and Business Development Head EME at Citigroup. Geeta was also formerly the Chair of Monitise Europe and was previously a Non-Executive member and vice-chair of the England Committee of the Big Lottery Fund. She is a chartered accountant. she is Non-Executive Director of Funding Circle Holdings plc, Ultra Electronic Holdings Plc and Wizink Bank S.A.

Adrian Grace

Mr. Adrian Grace is Independent Non-Executive Director of the Company. Adrian has extensive financial, business leadership and general management experience gained from a career which has spanned a range of consumer and commercial financial services sectors and involved a variety of senior roles. Adrian’s experience of designing and implementing substantial change programmes and delivering transformational growth through simple customer focused visions and plans is aligned to the Group’s strategy. Having started his career with the Leeds Permanent Building Society and then Mercantile Credit, Adrian joined GE Capital where he spent time in the UK, Asia, and the Americas. He became Managing Director of the Small Business Division at Sage Group plc. He was Chief Executive at Barclays Insurance and Managing Director of Commercial Banking within the Corporate Division of HBOS. Since 2011 Adrian has been Chief Executive Officer at Aegon UK having joined Aegon in 2009 as Group Business Development Director. He was previously on the boards of the Association of British Insurers and Scottish Financial Enterprise. Director of various companies within the Aegon Group and a member of the FCA Practitioner Panel representing the life and pensions sector.

Fiona MacLeod

Ms. Fiona MacLeod is Independent Non-Executive Director of the Company. Fiona has over 28 years’ international business experience in leading complex, large-scale business transformation and in managing the commercial, human resources and cultural aspects of change programmes. A substantial part of her career was at BP Group plc where she held various executive positions including latterly the role of President Retail, USA & Latin America. Fiona’s deep experience of operational business leadership, of transforming businesses and in understanding and managing the organisational design and people impacts of business change are invaluable to the Group as we focus on building a high performing, customer centric organisation and continue our cultural transformation. Fiona’s experience of running retail businesses serving millions of customers per day is also of particular relevance. Fiona was formerly Senior Independent Non-Executive Director of SThree plc. She is Non-Executive Director of Denholm Oilfield Services Limited.

Darren Pope

Mr. Darren Pope is Independent Non-Executive Director of the Company. Darren has over 30 years of experience in retail banking and financial services. Darren held the post of Chief Financial Officer of TSB Bank plc, having taken a lead role in the design and divestment of the TSB business from Lloyds Bank plc and its subsequent IPO and takeover. He previously held a number of executive and senior roles at Lloyds Banking Group plc including Retail Bank Commercial Director. Darren is a Fellow of the Chartered Institute of Certified Accountants. he is Senior Independent Non-Executive Director of Equiniti Group plc.

Teresa Robson-Capps

Dr. Teresa Robson-Capps is Independent Non-Executive Director of the Company. Teresa has extensive financial, customer service and general management experience from across a range of industries including telecommunications, financial services and retail. She is a chartered management accountant and has a Doctorate in Accounting and Management Control. Teresa has a breadth of experience gained from executive leadership roles with BT Mobile, Sears plc, Eagle Star/Zurich Financial Services, Cable & Wireless, Reality & Accenture. She joined HSBC Group in 2006 and from 2010 was Deputy Head, Direct Bank & First Direct. Teresa also has strong board experience gained from her previous roles as Chairman of ACS Clothing Group Limited and Non Executive Director of Broker Network Holdings Limited, Paymentshield Group Holdings Limited, PowerPlace Insurance Services Limited and Towergate Insurance Limited. She is Non-Executive Director of Hastings Group Holdings PLC and Non-Executive Director of Yorkshire Water Services Limited. She is Non-Executive Director of Hastings Group Holdings PLC and FIL Holdings (UK) Limited.

Timothy Wade

Mr. Timothy (Tim) Wade is Independent Non-Executive Director of the Company. Tim has over 20 years’ senior experience in retail financial services, including retail banking in both the UK and internationally. An Australian national, he is an experienced Chief Financial Officer, a chartered accountant and a Fellow of the Institute of Chartered Accountants of Australia. Tim was Managing Director at AMP International, responsible for AMP Bank and the Virgin Direct (now Virgin Money) joint venture. He began his career at Arthur Andersen working in Melbourne and Singapore, and in 1994 he joined Colonial Limited, the mutual financial services group, as Chief Taxation Counsel. He became Group Chief Financial Officer in 1997 and Executive Director of State Bank of NSW. Tim subsequently oversaw the IPO of Colonial and was involved in Colonial’s subsequent acquisition by Commonwealth Bank – at the time the largest acquisition in Australian corporate history. His previous Non-Executive Director board experience includes Friends Life Group Limited and Monitise plc. He is Chairman at Macquarie Bank International Limited; Non-Executive Director of companies within the Chubb European Group Limited and The Access Bank UK Limited groups; and Non-Executive Director of The Coeliac UK Trading Company Limited.