Secure Trust Bank PLC Appointment of Independent Non-Executive Directors (8064I)
28 Noviembre 2018 - 9:18AM
UK Regulatory
TIDMSTB
RNS Number : 8064I
Secure Trust Bank PLC
28 November 2018
PRESS RELEASE
Secure Trust Bank PLC
LEI: 213800CXIBLC2TMIGI76
28 November 2018
For immediate release
SECURE TRUST BANK PLC
Appointment of Independent Non--Executive Directors
Secure Trust Bank PLC ("STB" or the "Company") announces the
appointment of Baroness Neville--Rolfe DBE CMG and Paul Myers as
independent Non--Executive Directors of the Company with immediate
effect.
Lucy Neville--Rolfe has had a distinguished career in business
and in public service. She spent 15 years at Tesco plc including
over six years as a main board executive director. She has held
senior positions in government and in the public sector. She became
a member of the House of Lords in 2013 and was a minister in the
Business and Culture Departments and in HM Treasury from 2014-2017.
Lucy is currently a Non-Executive Director of Capita plc and was
between 2010 and 2014 a Non-Executive Director of ITV plc and has
also held other directorships.
Paul Myers has many years of banking experience, gained
initially at Barclays Bank and then at Aldermore Bank where he was
Chief Operating Officer and group Corporate Development Director.
He is currently the Chief Executive Officer of GKBK Limited, which
is a new banking venture. Paul is an Associate of the Chartered
Institute of Bankers.
Lord Forsyth, Chairman, said:
"I welcome Lucy and Paul to the Board. Their considerable and
relevant experience will complement that of the existing Directors
and will further strengthen the Board. Lucy and Paul bring
expertise in banking, consumer facing business and governance to
the Board and I look forward to the contribution that they will
make as Non-Executive Directors."
These appointments restore the number of STB's Board directors
to eight following the resignations of Sir Henry Angest and Mr
Andrew Salmon as directors in August 2018. Following the
appointments the Board will comprise two Executive Directors, five
independent Non-Executive Directors and the Chairman. The Financial
Conduct Authority and the Prudential Regulation Authority have been
notified of the appointments of Lucy Neville--Rolfe and Paul
Myers.
The Company was assisted in the recruitment process by Korn
Ferry who were appointed in June 2018 to support STB in identifying
suitable additional independent Non-Executive Directors. Korn Ferry
had no previous relationship with the Company and were appointed
following a competitive tender.
The Company confirms that there is no other information about
Lucy Neville--Rolfe or Paul Myers requiring disclosure under
paragraph 9.6.13 (1) to (6) of the Listing Rules of the UK Listing
Authority.
Enquiries:
Secure Trust Bank PLC
Lord Forsyth, Chairman
Paul Lynam, Chief Executive Officer
Neeraj Kapur, Chief Financial Officer
Tel: 0121 693 9100
Stifel Nicolaus Europe Limited (Joint Broker)
Robin Mann
Gareth Hunt
Stewart Wallace
Tel: 020 7710 7600
Canaccord Genuity Limited (Joint Broker)
Sunil Duggal
Tel: 020 7523 8000
About the Company:
Secure Trust Bank is an established, well--funded and
capitalised UK retail bank with a 66 year trading track record.
Secure Trust Bank operates principally from its head office in
Solihull, West Midlands, and had 831 employees as at 30 June 2018.
The Group's diversified lending portfolio currently focuses on
three sectors:
(i) Business Finance through its Real Estate Finance, Asset
Finance and Commercial Finance divisions
(ii) Consumer Finance through its Motor Finance and Retail Finance divisions and
(iii) Consumer Mortgages.
As at 30 June 2018 the Group's loans and advances to customers
totalled GBP1,839.0 million, customer deposits totalled GBP1,645
million and the Group's total customer base was over 1 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.
www.securetrustbank.com
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
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contact rns@lseg.com or visit www.rns.com.
END
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November 28, 2018 10:18 ET (15:18 GMT)
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