REG - Vanquis Banking Grp - Non-Executive Director Changes

Vanquis BankingAnnouncement

27/03/2024 07:15

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RNS Number : 4009I  Vanquis Banking Group PLC  27 March 2024

 

Vanquis Banking Group plc

Non-Executive Director Changes

27 March 2024

 

Vanquis Banking Group plc is pleased to announce the appointment of three new
Independent Non-Executive Directors: Karen Briggs, Oliver Laird and Jackie
Noakes, effective 27 March 2024, with two Independent Non-Executive Directors
stepping down: Elizabeth G. Chambers and Margot James.

 

Karen Briggs is a qualified accountant with over 30 years' financial services
and banking experience and has been a KPMG UK and FTI Consulting EMEA
Executive Committee member and senior leader, with focus on governance, risk
and compliance. Oliver Laird is a highly experienced CFO and non-executive
director. He has extensive finance and regulatory experience in financial
services, banking and manufacturing, having been CFO at Lookers plc and CFO of
First Direct Bank. Jackie Noakes is a senior executive with extensive
experience in large scale financial services and banking businesses, currently
Chief Operating Officer (COO) of Phoenix Group and was previously Group COO at
Bank of Ireland.

 

Elizabeth G. Chambers, after having served over two terms, and Margot James
over one term, have informed the Board of their decision to step down, and
will not be seeking re-election as Independent Non-Executive Directors at the
forthcoming AGM, and therefore will leave the Board as of 15 May 2024.

 

Sir Peter Estlin, Chairman of Vanquis Banking Group, commented:

"I would like to take the opportunity to thank Libby and Margot for their
contribution to Vanquis Banking Group. Their leadership and guidance have been
invaluable as we have successfully repositioned Vanquis as a specialist
banking group.

 

I am delighted to welcome Karen, Oliver and Jackie to the Board. Their wealth
of expertise complements the Board's skill set, as it supports the Group
through business and culture change, whilst delivering responsible lending to
its customers."

 

The following information is disclosed in accordance with LR 9.6.13:

 

In accordance with the Listing Rules, there are no other matters requiring
disclosure under 9.6.13R of the Listing Rules of the Financial Conduct
Authority in relation to the appointment of Karen Briggs, Jackie Noakes and
Oliver Laird.

 

 Enquiries:
 Analysts and shareholders:

 Miriam McKay, Interim Head of Investor Relations         07577 390666
 miriam.mckay@vanquisbankinggroup.com
 (mailto:miriam.mckay@vanquisbankinggroup.com)

 Media:
 Richard King, Vanquis Banking Group                      07919 866876

 richard.king@vanquisbankingroup.com
 (mailto:ichard.king@vanquisbankingroup.com)

 Nick Cosgrove/Simone Selzer, Brunswick                   0207 4045959
 vanquisbankinggroup@brunswickgroup.com
 (mailto:vanquisbankinggroup@brunswickgroup.com)

 

 

Notes to Editors:

 

Biographies:

 

Karen Briggs

Karen has been a KPMG UK and FTI Consulting EMEA Executive Committee member
and senior leader and is a qualified accountant with over 30 years'
experience. Karen held many senior leadership roles at KPMG UK, including as
Head of Risk Consulting and Head of Tax, Pensions and Legal Services.
Throughout her career she has had a focus on financial services, governance,
risk and compliance, AI, big data and technology. Karen is a NED of the
Invictus Games Foundation Board, Chair of the Audit & Risk Committee and
Independent Council member at Imperial College London, Strategic Adviser to
Eversheds Sutherland International and a NED and Chair of the Audit & Risk
Committee at Chubb Underwriting Agencies Ltd (Designate). She is also an
Advisory Council Member for Elevate City, a women's leadership network.

 

Oliver Laird

Oliver is a highly experienced Chief Finance Officer (CFO) and non-executive
director. He has extensive finance and regulatory experience in financial
services and banking, manufacturing and consultancy having been CFO at Lookers
plc, CFO of First Direct Bank, Director Central Finance at Lloyds Banking
Group and Finance Director of Co-Op Insurance Services. Oliver was also CFO at
CPP Group plc, a multi-national financial services business, from 2017 to
2021. Oliver has also held non-executive director roles with a social housing
provider, the British Council, Leeds University Union and Beverley Building
Society, where he is Audit Committee Chair.

 

Jackie Noakes

Jackie is a senior executive with extensive experience in large scale
financial services and banking businesses, having performed roles as CEO,
Chief Operating Officer, and Chief Information Officer. Jackie has
non-executive experience in Mutuals and listed businesses. She joined the Bank
of Ireland (BOI) in 2018 as Group Chief Operating Officer and played a key
role in delivering the bank-wide IT transformation programme. Between 2018 and
2022 Jackie held the role of non-executive director of BOI (UK) Plc. Jackie
also held a number of senior roles at Legal & General (L&G) including
as chief executive of L&G's mature savings business and group IT and
shared services director. Between 2020 and 2022, Jackie was a non-executive
director at One Family (the Family Assurance Friendly Society Ltd).

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