– UK, Chatham – OSB GROUP PLC (LON: OSB) announced the appointment of Henry Daubeney to its Board as a Non-Executive Director, effective 1st July 2024.
Henry Daubeney will join the Audit Committee and the Risk Committee.
About Henry Daubeney
Henry Daubeney has extensive experience in the financial services sector following a 38-year career with PwC where he was most recently the Global Head of Corporate Reporting Services – IFRS and Sustainability Reporting. He is also a member of the IFRS Advisory Council and member of the Corporate Reporting Group of the Global Public Policy Committee and Co-Chair of the GPPC Bank Working Group.
Henry Daubeney said, “I am delighted to be joining the Board of OSB Group and very much look forward to working with the Board and senior team. OSBG has a great reputation as a leading specialist lender and I am excited to be part of that continuing journey.”
About OneSavings Bank 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 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 authorized 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.
For more information: https://www.osb.co.uk/
OneSavings Bank
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, platform, 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 models.
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 securitization programs and the Bank of England’s Term Funding Scheme with additional incentives for SMEs.
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