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

OsbAnnouncement

12/04/2016 15:05

OneSavings Bank plc 
 
 Directorate Change and Changes to Committee Chairmen 
 
 OneSavings Bank plc ("OSB", "the Company"), the specialist lending and retail
savings group, announces that Malcolm McCaig, independent Non-Executive
Director, will be stepping down from the Board with effect from 31 December
2016. 
 
 Mr McCaig joined Kent Reliance Building Society as a director in 2009 and was
appointed to the Board of OSB in 2010; he was Chairman of Kent Reliance
Building Society and subsequently OSB and Kent Reliance Provident Society
until 2012. 
 
 Mr McCaig has taken the decision to step down from the Board of OSB after 7
years with the business to focus on his other non-executive roles. 
 
 OSB Chairman, Mike Fairey, said: "I would like to thank Malcolm for the
enormous contribution he has made to the success of OneSavings Bank over the
past seven years, and wish him well in all his future ventures.' 
 
 Mr McCaig said: "I am proud to have been able to help guide the Bank on its
journey to being the successful FTSE 250 business it is today.  I wish the
Board and Management all the best in continuing to build on the success to
date." 
 
 The Company also announces that, completing the review of the composition of
its Committees in which Eric Anstee took over as Chairman of the Audit
Committee from Graham Allatt and Graham Allatt as Chairman of the Risk
Committee from Rod Duke on 1 January 2016, the Chairman of the Nomination and
Governance Committee will with effect from 12 April 2016 change to Rod Duke
(Senior Independent Director) from Mike Fairey. 
 
 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. 
 

 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#2002877