ONE Savings Bank PLC : Directorate change <Origin Href="QuoteRef">OSBO.L</Origin>

OsbAnnouncement

08/12/2015 16:30

Date: 8 December 2015 
 
 OneSavings Bank plc 
 
 Directorate Change 
 
 OneSavings Bank plc ("OSB"), the specialist lending and retail savings group,
announces that Stephan Wilcke, non-independent Non-Executive Director, will be
stepping down from the Board with effect from the 2016 AGM. 
 
 Mr Wilcke joined OSB at inception as an independent non-executive director
and Chair of the Risk Committee. He moved into the role of Executive Chairman
early in 2012, stepping down as Chairman in April 2014 prior to the IPO in
order that an Independent Non-Executive Chairman, Mike Fairey could be
appointed. 
 
 Mr Wilcke has taken the decision to step down from the Board of OSB to pursue
his other business interests. 
 
 Mr Fairey said: "I would like to thank Stephan for the enormous contribution
he has made to the success of OneSavings Bank over the past five years, and
wish him well in all his future ventures.' 
 
 Mr Wilcke said: "I am proud of what OSB has achieved. Our last set of results
demonstrated the great progress that the business has made. The combination of
Mike's experience and stewardship with Andy's continued drive and leadership
will see OSB go from strength to strength." 
 
 ENDS 
 
 Enquiries: 
 
 OneSavings Bank plc 
 
 Alastair Pate, Head of Investor Relations            t: 01634
838973 
 
 Brunswick
                                                   

 
 Robin Wrench / Simone
Selzer                            t:  020 7404
5959 
 
 About OneSavings Bank plc 
 
 OneSavings Bank plc ('OSB') began trading as a bank on 1 February 2011 when
the trade and assets of Kent Reliance Building Society ('KRBS') were
transferred into the business. OSB is a specialist lending and retail savings
group authorised by the Prudential Regulation Authority, part of the Bank of
England, and regulated by the Financial Conduct Authority and Prudential
Regulation Authority. 
 
 OSB focuses on selected sub-sectors of the lending market in which it has
established expertise, platforms and capabilities, and where opportunities
have been identified for both high returns on a risk-adjusted basis and strong
growth. These include Residential Mortgages (comprising first charge, second
charge and shared ownership), Buy-to-Let/SME and Personal Loans. OSB
originates organically through specialist brokers and independent financial
advisors. 
 
 OSB is predominantly funded by retail savings originated through the
established Kent Reliance franchise, which includes a network of branches in
the South East of England, as well as online and postal channels.
Diversification of funding is currently provided by a securitisation and OSB
joined the Funding for Lending Scheme in early 2014. 
 
 About Stephan Wilcke 
 
 Mr Wilcke joined OSB at inception as an independent non-executive director
and Chair of the Risk Committee. He moved into the role of Executive Chairman
early in 2012, stepping back to a non-executive Director position before the
IPO in 2014. Mr Wilcke serves as a non-executive Director on the boards of the
Jersey Financial Services Commission, EMF Capital Partners and is the Chairman
of Amigo Loans. He recently co-founded Rozes Invest, a specialist credit
manager focused on digital lenders and peer-to-peer lending. 
 
 He served from 2009 to 2011 as Chief Executive of the Asset Protection
Agency, an executive arm of HM Treasury. Prior to this, Mr Wilcke advised
various central banks on difficult situations created by the credit crunch. He
was also a Partner and the Head of European Financial Services at private
equity firm Apax Partners. Mr Wilcke started his career at management
consultancy Oliver Wyman were he progressed to partner level. He has served
previously as Vice Chairman of NLB, Slovenia's biggest bank, and as a Troika
approved member of the general council of the Hellenic Financial Stability
fund. 
 

 This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf
of NASDAQ OMX Corporate Solutions clients. 
 The issuer of this announcement warrants that they are solely responsible for
the content, accuracy and originality of the information contained therein. 
 Source: ONE Savings Bank PLC via Globenewswire 
 HUG#1972138