– UK, Bradford – Provident Financial plc (LON: PFG), today announced the appointment of Ian McLaughlin as CEO and Executive Director, subject to regulatory approval, to replace Malcolm Le May who decided to step down as CEO.
“I look forward to working with Ian as he builds on the Group’s strong product, market, and capital positions, and capitalises on the opportunities that lie ahead for the benefit of customers, colleagues, and shareholders.” said Board Chairman, Patrick Snowball.
About Ian McLaughlin
Ian McLaughlin is a highly experienced banking CEO. He has a strong track record of delivering growth through improving customer service and enhancing distribution throughout his extensive financial services career in consumer finance, motor finance, savings, SME finance, and mortgages. Ian is currently the CEO of Bank of Ireland UK and has been since 2019. Before this, he was MD for Home Buying and Ownership at NatWest, and before joining that he was Wealth Management Director at Lloyds Banking Group.
Ian McLaughlin said: “I am delighted to be joining PFG as its new CEO. I would like to thank Malcolm and the team for the great job they have done in transforming the business, and I look forward to working with the Board and the senior leadership team to take the Group’s strategy forward from here. We have a significant opportunity to responsibly support customers not well served by traditional lenders, and to deliver attractive and sustainable returns to our shareholders for the long term.”
Ian McLaughlin joined the Bank of Ireland as CEO, UK, in 2019. From to 2012 to 2019 he was at NatWest, where he was Managing Director of Specialist Banking, before becoming in 2017 Managing Director, Home Buying and Ownership. He also worked at Lloyds Banking Group from 2004 to 2011, where his last role was as Wealth Management Director. Before joining Lloyds Banking Group, he held various sales and marketing roles in Zurich. Ian is also a Non-Executive Director at Davy Group, a Wealth Management Company, and part of the Bank of Ireland Group.
For more information: https://www.providentfinancial.com/
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