OSB GROUP PLC Osb Group Plc - Directorate Change
02 Noviembre 2023 - 1:02AM
UK Regulatory
TIDMOSB
OSB GROUP PLC
Board Changes
OSB GROUP PLC announces the intended retirement of April
Talintyre as Executive Director and Chief Financial Officer
OSB GROUP PLC ("OSB" or the "Group") today announces that, after
more than 11 years with the business, April Talintyre has advised
the Board of her intention to retire as Chief Financial Officer and
as a Director. The process to appoint her successor, considering
both internal and external candidates, will now commence and April
will remain in her role until a date to be confirmed to support the
transition.
April joined OSB in May 2012 and was appointed to the OSB Board
in June 2012. April was previously an Executive Director in the
Rothesay Life pensions insurance business of Goldman Sachs and
worked for Goldman Sachs International for over 16 years, including
as an Executive Director in the Controllers Division in London and
New York. April began her career at KPMG LLP in the general audit
department. April is a member of the Institute of Chartered
Accountants in England and Wales.
Andy Golding, Chief Executive of OSB, said: "April has been
instrumental in shaping and delivering OSB's strategy over the last
11 years, helping steward OSB through Private Equity ownership into
a successful FTSE 250 listed business, as well as playing a key
role in the Group's merger with Charter Court Financial Services in
2019. She has been an excellent and trusted support to me through
the years, helping to build one of the UK's leading specialist
lenders. I wish her well for her retirement."
David Weymouth, Chairman of OSB, said: "I and the Board of OSB
would like to sincerely thank April for her exceptional
contribution and commitment to the business and I wish her all the
best for her retirement."
April Talintyre, Chief Financial Officer of OSB, said: "It was
not an easy decision to retire from OSB after working with a
fantastic group of people for so long. However, I know I am leaving
the Group in a strong position and in safe hands. I would like to
extend my thanks to Andy, the Executive Committee, the Board and
all of my other colleagues for their hard work, dedication and
support throughout my tenure, and I wish them and OSB all the best
for the future."
This announcement includes inside information for the purposes
of the UK version of Article 7 of the Market Abuse Regulation (EU
No. 596/2014) as it forms part of United Kingdom domestic law by
virtue of the European Union (Withdrawal) Act 2019.
Note
Further announcements regarding April's leaving date and the
appointment of her successor will be made in due course, and a
statement concerning particulars of remuneration payments in
accordance with section 430(2B) of the Companies Act 2006 will be
released.
The person responsible for arranging the release of this
announcement on behalf of OSB is Jason Elphick, Group General
Counsel and Company Secretary. All enquiries should be directed to
Investor Relations or Brunswick LLP, contact details below.
Media enquiries:
OSB GROUP PLC
Alastair Pate t: 01634 838 973
Brunswick Group
Robin Wrench / Simone Selzer t: 020 7404 5959
About OSB GROUP PLC
OneSavings Bank plc (OSB) began trading as a bank on 1 February
2011 and was admitted to the main market of the London Stock
Exchange in June 2014 (OSB.L). OSB joined the FTSE 250 index in
June 2015. On 4 October 2019, OSB acquired Charter Court Financial
Services Group plc (CCFS) and its subsidiary businesses. On 30
November 2020, OSB GROUP PLC became the listed entity and holding
company for the OSB Group. The Group provides specialist lending
and retail savings and is authorised by the Prudential Regulation
Authority, part of the Bank of England, and regulated by the
Financial Conduct Authority and Prudential Regulation Authority.
The Group reports under two segments, OneSavings Bank and Charter
Court Financial Services.
OneSavings Bank (OSB)
OSB primarily targets market sub-sectors that offer high growth
potential and attractive risk-adjusted returns in which it can take
a leading position and where it has established expertise,
platforms and capabilities. These include private rented sector
Buy-to-Let, commercial and semi-commercial mortgages, residential
development finance, bespoke and specialist residential lending,
secured funding lines and asset finance.
OSB originates mortgages organically via specialist brokers and
independent financial advisers through its specialist brands
including Kent Reliance for Intermediaries and InterBay Commercial.
It is differentiated through its use of highly skilled, bespoke
underwriting and efficient operating model.
OSB is predominantly funded by retail savings originated through
the long-established Kent Reliance name, which includes online and
postal channels as well as a network of branches in the South East
of England. Diversification of funding is currently provided by
securitisation programmes and the Bank of England's Term Funding
Scheme with additional incentives for SMEs.
Charter Court Financial Services Group (CCFS)
CCFS focuses on providing Buy-to-Let and specialist residential
mortgages, mortgage servicing, administration and retail savings
products. It operates through its brands: Precise Mortgages and
Charter Savings Bank.
It is differentiated through risk management expertise and
best-of-breed automated technology and systems, ensuring efficient
processing, strong credit and collateral risk control and speed of
product development and innovation. These factors have enabled
strong balance sheet growth whilst maintaining high credit quality
mortgage assets.
CCFS is predominantly funded by retail savings originated
through its Charter Savings Bank brand. Diversification of funding
is currently provided by securitisation programmes and the Bank of
England's Term Funding Scheme with additional incentives for
SMEs.
(END) Dow Jones Newswires
November 02, 2023 03:02 ET (07:02 GMT)
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