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India

Paragon Banking Group PLC (PARA.L)

PARA.L on London Stock Exchange

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Summary

Name Age Since Current Position

Robert Dench

68 2007 Chairman of the Board

Nigel Terrington

57 1995 Chief Executive, Executive Director

Richard Woodman

52 2014 Chief Financial Officer, Executive Director

John Heron

58 2013 Managing Director - Mortgages, Executive Director

Pandora Sharp

Company Secretary

Fiona Clutterbuck

59 2015 Senior Independent Non-Executive Director

Alan Fletcher

67 2009 Independent Non-Executive Director

Peter Hartill

68 2011 Non-Executive Independent Director

Patrick Newberry

61 2017 Non-Executive Independent Director

Barbara Ridpath

61 2017 Non-Executive Independent Director

Hugo Tudor

54 2014 Non-Executive Independent Director

Finlay Williamson

58 2017 Non-Executive Independent Director

Graeme Yorston

60 2017 Non-Executive Independent Director

Biographies

Name Description

Robert Dench

Mr. Robert G. (Bob) Dench serves as Chairman of the Board of the Company. During an extended career with Barclays, Bob Dench held a number of senior positions in the UK and overseas, leaving in 2004. Bob was Chairman of AXA Ireland Limited from 2008 to 2017, Chairman of AXA PPP Healthcare Limited from 2013 to 2016 and, during the period, a non-executive Director of AXA UK PLC and other AXA Group companies. During his tenure with AXA, he also held the roles of Senior Independent Non-executive Director and Chairman of the Audit and Risk Committees.

Nigel Terrington

Mr. Nigel S. Terrington is Chief Executive, Executive Director of the Company. Mr. Terrington’s early career began in investment banking, which included working for UBS. He joined the Group in 1987, shortly becoming Treasurer, before being appointed as Finance Director and then Chief Executive. He has been Chairman of the CML, Chairman of the Intermediary Mortgage Lenders Association (‘IMLA’), Chairman of the FLA Consumer Finance Division, a member of the Mortgage Board of UK Finance (previously CML) and a Board member of the FLA. Nigel is an associate of the Chartered Institute of Bankers. In 2017, he received an Honorary Doctorate from Birmingham City University for services to the finance industry. He is a Member of HM Treasury’s Home Finance Forum and the Bank of England’s Residential Property Forum.

Richard Woodman

Mr. Richard J. Woodman serves as Chief Financial Officer, Executive Director of the Company. Mr. Richard Woodman joined the Group in 1989 and has held various senior strategic and financial roles, including Director of Business Analysis and Planning and Managing Director of Idem Capital. He has taken a lead role in the Group’s strategic development and, in particular, in the loan portfolio acquisition programme through Idem Capital. He is a member of the Chartered Institute of Management Accountants.

John Heron

Mr. John A. Heron serves as Managing Director - Mortgages, Executive Director of the Company. Mr. John Heron joined the Group in January 1986 following a number of years in the building society industry and is the Group’s longest serving employee. John has been instrumental in the development of Paragon’s buy-to-let mortgage lending programme. As Managing Director, Mortgages, John is responsible for all aspects of the Group’s mortgage business which includes the origination and management of buy-to-let and residential first and second charge mortgages. He has been Chairman of the Buy-to-let Panel of the CML and a member of the IMLA Board. He is a fellow of the Chartered Institute of Bankers. He is a Member of UK Finance Mortgages Product Board (previously CML).

Pandora Sharp

Fiona Clutterbuck

Ms. Fiona J. Clutterbuck serves as Senior Independent Non-Executive Director of the Company. Fiona Clutterbuck has many years of corporate finance experience at leading UK and international investment banks, specialising in financial institutions. During her career she has held the positions of Managing Director and Head of Financial Institutions Advisory at ABN AMRO Investment Bank, Managing Director and Global Co-Head of Financial Institutions Group at HSBC Investment Bank and was a director at Hill Samuel Bank Limited. She has been Head of Strategy, Corporate Development and Communications at the Phoenix Group and director of other Phoenix Group companies. Senior Independent Director at WS Atkins PLC until July 2017 Non-executive director of Hargreaves Lansdown PLC from 1 September 2017.

Alan Fletcher

Mr. Alan K. Fletcher is Independent Non-Executive Director of the Company. Mr. Alan Fletcher has considerable experience in financial services, including pension fund trusteeship and investment fund management. He was Chairman of Neville James Holdings prior to its acquisition by Challenger International of Australia, following which he was Sales and Marketing Director of Challenger Group Services and a director of Challenger Life (UK) between 2002 and 2003. He was Chairman of the professional training company, Fresh Professional Development, between 2003 and 2010 and was a Director of CEPB Mortgages Limited between 2010 and 2017. He was a member of the General Synod of the Church of England between 2007 and 2010. Alan has also served as director of Paragon Pension Trustees Limited, the Corporate Trustee of the Group’s pension plan, since 2011. He is a Trustee of the Church of England Pensions Board since 2009, member of its Pensions Committee, Chairman of its Investment Committee and member of its Ethical Investment Advisory Group. Chairman of the Diocese of Leicester Investment Committee and member of the Finance Committee of Leicester Cathedral.

Peter Hartill

Mr. Peter J. N. Hartill serves as Non-Executive Independent Director of the Company. Mr. Hartill Peter Hartill spent forty years with Deloitte, becoming a senior audit partner and a business advisor with experience across a wide range of industries and business issues. Specifically he has considerable experience in acquisitions and disposals, capital raising, risk control and corporate governance in the financial services sector. He is a Chartered Accountant and has been Chairman of the Audit Committee since 2011. He has been Chairman of Deeley Group Limited Non-executive director of A&J Mucklow Group PLC and Scott Bader Limited.

Patrick Newberry

Mr. Patrick J. Newberry serves as Non-Executive Independent Director of the Company. He spent 25 years as a consulting and regulatory partner with PricewaterhouseCoopers until his retirement in 2013, concentrating on the Financial Services industry. He was a member of PwC’s Supervisory Board, Chair of the Strategy, Governance and International Sub Committee and a member of the Audit and Risk Committee. Patrick was a board member and past president (2010/11) of the Management Consultancies Association Ltd (‘MCA’) and sits on the judging panel for the MCA 2014 awards, a benchmark for quality in the consulting industry. He was appointed to the Board of Paragon Bank PLC in May 2014 and was Chairman of its Audit Committee until 20 September 2017. Patrick is a Chartered Accountant. He has been Non-executive director of Shepherd and Wedderburn PLC and Adviser to Unipart Expert Practices.

Barbara Ridpath

Ms. Barbara A. Ridpath serves as Non-Executive Independent Director of the Company. She has worked in finance for most of her career, in New York, London and Paris at the Federal Reserve Bank of New York, Standard & Poor’s and JPMorgan. She was instrumental in the development of UK mortgage securitisation in the late 1980s and went on to lead the Standard & Poor’s Ratings Group in Europe, the Middle East and Africa. She has been Director of St Paul’s Institute which examines moral and ethical aspects of finance and economics, Non-executive director of ORX, a trade association for operational risk professionals and Member of Council and the Executive Committee at Chatham House, the Royal Institute of International Affairs and commissioner of the Marshall Aid Commemoration Commission.

Hugo Tudor

Mr. Hugo R. Tudor serves as Non-Executive Independent Director of the Company. He spent 26 years in the fund management industry, originally with Schroders and most recently with BlackRock, covering a wide range of UK equities. He is a Chartered Financial Analyst and a Chartered Accountant and brings an investor perspective to the Board. He has been Director of Damus Capital Limited and Director of Vitec Global Limited.

Finlay Williamson

Mr. Finlay F. Williamson serves as Non-Executive Independent Director of the Company. He was Finance Director of Virgin Money between 2009 and 2014, where he was responsible for supporting the design and delivery of the company’s growth strategy, including the assessment of potential markets, the development of key propositions and the pursuit of non-organic opportunities. Prior to joining Virgin Money, Finlay had a long career at Royal Bank of Scotland (RBS), where he held a number of senior finance roles, latterly as Finance Director for RBS’s Manufacturing and Retail Direct divisions. He was appointed to the Board of Paragon Bank PLC in February 2015 and was Chairman of its Risk and Compliance Committee from that date. Finlay is a Chartered Accountant.

Graeme Yorston

Mr. Graeme H. Yorston serves as Non-Executive Independent Director of the Company. He was Group Chief Executive of Principality Building Society, the 6th largest mutual in the UK. He has over 43 years’ experience in financial services having carried out a number of senior roles in Abbey National, including IT Director for its retail bank, Regional Director and ran a number of significant change programmes. He also led its call centre operations. Graeme has served on the CBI Council for Wales, the Board of Business in the Community in Wales and was HRH Ambassador for BITC in Wales for two years. He was awarded Director of the Year in Wales by the Institute of Directors in 2016. Graeme is a Fellow of The Chartered Institute of Banking, holds an MBA from Warwick Business School and was awarded an Honorary Doctorate in Business Administration from Cardiff Metropolitan University in 2017. He has been Board of Governors, Cardiff Metropolitan University.

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