– UK, Solihull – Secure Trust Bank PLC (LON: STB) today announced the appointment of David McCreadie as an Independent Non‐Executive Director of the Company and member of the Risk Committee with effect from 1 January 2020.
David has many years of banking experience, gained initially at Royal Bank of Scotland and then at Tesco Bank where he was an Executive Director and Managing Director with responsibility for banking and insurance businesses.
The Financial Conduct Authority and the Prudential Regulation Authority have been notified of the appointment of David McCreadie.
STB also announced that Paul Marrow, Senior Independent Director and Chairman of the Risk Committee will be standing down as a Director of the Company, following the ninth anniversary of his appointment, at the General Meeting of the Company to be held on 13 May 2020. Subject to receiving approval from the Regulator, Ann Berresford, Chairman of the Audit Committee, will be appointed as Senior Independent Director with effect from the close of the AGM; and Paul Myers will be appointed Chairman of the Risk Committee with effect from 31 March 2019. Paul will also join the Remuneration Committee from 1 January 2020 and Victoria Stewart will join the Audit Committee from 1 January 2020.
Lord Forsyth, the Chairman, said: “David brings substantial banking, personal finance, consumer-facing business and governance experience acquired in his previous roles as well as knowledge of the Challenger Bank market. He will complement the skills and experience of the existing directors and further strengthen the Board. I welcome David to the board and look forward to the contributions he will make.
On behalf of the Board, I would also like to thank Paul Marrow for his sage counsel throughout his tenure and for serving ably in his many roles at STB.”
About Secure Trust Bank PLC
Secure Trust Bank is an established, well‐funded and capitalised UK retail bank with a 67-year trading track record. Secure Trust Bank operates principally from its head office in Solihull, West Midlands, and had 956 employees as at 30 June 2019. The Group’s diversified lending portfolio currently focuses on two sectors:
Business Finance through its Real Estate Finance, Asset Finance and Commercial Finance divisions,
Consumer Finance through its Motor Finance, Retail Finance, Debt Management and Consumer Mortgages divisions
As at 30 June 2019 the Group’s loans and advances to customers totalled £2,278.3 million, customer deposits totalled £2,001.5 million and the Group’s total customer base was well over 1.4 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.
For more information: https://www.securetrustbank.com
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