– UK, Solihull – Secure Trust Bank PLC (LON: STB) today announced the appointment of Jim Brown to its Board as an Independent Non-Executive Director effective from 31 March 2024, to replace Lord Jim Forsyth as Chairman who will retire at the AGM in May 2024.
“I am delighted to welcome Jim to STB and look forward to working with him. I would also like to extend my gratitude to Lord Forsyth for his leadership and for the major contribution he has made to the development of our company over the last 10 years.” said Chief Executive, David McCreadie.
Jim Brown will also join the Remuneration Committee and the Nomination Committee and will Chair the Nomination Committee.
About Jim Brown
Jim Brown is a banking professional with many years of experience, gained through several executive positions. He is currently CEO, of Sainsbury’s Bank and a member of the Sainsbury’s Group Operating Board and will be retiring from these roles at the end of March 2024. He is also a Non-Executive Director on the Board of Just Group plc.
Before this, Jim was CEO of Future Williams & Glyn within the RBS Group and before this, he was CEO, of Ulster Bank Group. He held several senior appointments within RBS and ABN AMRO in Asia and earlier in his career with Citibank and Chase AMP Bank.
Jim Brown said “I am honoured to be appointed as Chairman of Secure Trust Bank, subject to regulatory approval. I would like to thank Lord Forsyth for his contribution over the past 10 years, and I look forward to working with the Board, David and Rachel and the management team.”
About STB
Secure Trust Bank is an established, well‐funded, and capitalized UK retail bank with a 71-year trading track record. Secure Trust Bank operates principally from its head office in Solihull, West Midlands, and has 868 employees (full-time equivalent) as of 31 December 2023. The Group’s diversified lending portfolio currently focuses on two sectors:
(i) Business Finance through its Real Estate Finance and Commercial Finance divisions,
(ii) Consumer Finance through its Vehicle Finance and Retail Finance divisions.
SOURCE: https://www.securetrustbank.com/
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