– UK, Chatham – OSB GROUP PLC (LON: OSB) announced the appointment of Gareth Hoskin to its Board as an Independent Non-Executive Director effective from 1 April 2025. He would be appointed the Senior Independent Non-Executive Director, subject to regulatory approval.
The Group also announced that Rajan Kapoor will be stepping down from the Board at the AGM held on 8 May 2025.
“We are delighted to welcome Gareth to the Board. His deep experience in financial services will be invaluable as we continue to strengthen our position in the market. We look forward to his insights and contributions as we drive the business forward. At the same time, we wish to thank Rajan for his significant contributions during his time with the Group.” said Board chair, David Weymouth.
Gareth Hoskin will join the Audit Committee, the Risk Committee, the Remuneration and People Committee, and the Nomination and Governance Committee.
About Gareth Hoskin
Gareth Hoskin is a board member of Leeds Building Society where he has served for nine years and is due to step down on 31 March 2025, including six years as vice-Chair and Senior Independent Director and chair of the Audit Committee. He is also an independent non-executive director and Chair of the Audit Committee of Saga plc. Gareth has accumulated extensive experience over his 30 years working in financial services, both in the UK and internationally. This includes nearly 20 years at Legal & General plc, where he served as a director and CEO of the international division. Before that, he was a chartered accountant at PricewaterhouseCoopers.
Gareth Hoskin said, “I am delighted to be joining the board of OSBG at such an exciting time. The Group has built an exceptional reputation in the industry, and I look forward to bringing my experience to help drive its future growth and build on its outstanding achievements.”
About OSB GROUP PLC
OneSavings Bank plc 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 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.
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 lin es 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 an 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.
For more: https://www.osb.co.uk/
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