Credit, Collections & Insolvency News
Afin Bank, the specialist lender created to help underserved Africans and other diaspora communities living and working in the UK to get mortgages, has announced that it has appointed Peter Hale as Head of Finance. Hale was previously Head of Finance at FCMB Bank UK, part of a Nigerian based banking group, a part of…
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UK Finance has announced that Bob Wigley has been re-appointed as Chair of the board for a further term of three years up until February 2029. Wigley has been the Chair since UK Finance’s inception. UK Finance says that the board has recognised Wigley’s significant contribution to the organisation’s success as an influential voice for…
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The Finance & Leasing Association (FLA) has announced that it has appointed Shanika Amarasekara MBE to its board. Amarasekara succeeds Stephen Haddrill, who retires at the end of July. Amarasekara will take up the role at the beginning of August. Amarasekara brings deep experience in supporting economic development and innovation across the financial services landscape.…
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Target Group has appointed Jonathan Hole as its new Chief Risk Officer (CRO). Hole brings four decades of experience to Target in credit, market and operational risk, including internal and external audit, compliance and approved regulatory functions. Throughout his career he has held several senior roles within major financial institutions such as Barclays, GE Money…
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Skipton Building Society has announced that it has appointed Graham Lindsay as the new Senior Independent Director, following the retirement of Mark Lund. Lindsay brings more than 45 years of wide-ranging executive-level experience in retail, wealth and commercial banking, until 2015 all within Lloyds Banking Group. With hands-on experience from frontline to boardroom, he has…
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The Financial Conduct Authority (FCA) has announced that it has appointed David Geale as permanent Executive Director for Payments and Digital Finance and Managing Director of the Payment Systems Regulator. In his role Geale will be responsible for helping to deliver the National Payments Vision and driving the FCA’s work on open banking and digital…
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The Finance & Leasing Association (FLA) has announced that it has appointed Paul Smee as Group Chair of the FLA Lending Code. Smee has extensive experience in financial services and was most recently Director General of the Council of Mortgage Lenders from 2011 until 2017, when it was absorbed into UK Finance. He previously ran…
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Later life mortgages specialist, LiveMore Mortgages has announced that it has appointed Ian Sturla as its new Risk Lead. Sturla brings more than 16 years of experience in the financial services industry, having held senior positions across lending and risk at businesses such as Lloyds Bank, Coutts and most recently C. Hoare & Co.. For…
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The HM Treasury has announced the reappointment of Nikhil Rathi as Chief Executive of the Financial Conduct Authority (FCA) for a second term. Since Nikhil joined in October 2020, the FCA has undertaken reforms to strengthen the UK’s position in wholesale markets, including the biggest changes to the listing regime in over three decades. The…
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Specialist lender Together has promoted Liz Hooley to Head of Corporate Operations in a key restructuring of its Corporate Lending Division. Hooley, who has a 20-year career in corporate banking, lending and risk, will provide strategic and operational direction for the team and will work alongside Dave Rowlinson, the specialist property lender’s Head of Group…
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The Bank of England has appointed Sarah John, the Bank’s current Chief Cashier as its new Chief Operating Officer (COO). John will be replaced by the Executive Director for Payments, Victoria Cleland. Cleland was previously the Bank’s Chief Cashier from 2014-2018. She will now combine the role of Chief Cashier with her current Executive Director…
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European real estate and alternative asset manager company Arrow Global has announced that it has appointed Enrico Sanna as CEO Platforms. In his new role, Sanna will lead Arrow’s asset-backed platform strategy, focusing on platform growth, integration, and alignment with investment strategies in new and existing markets. His priorities include optimising operational value creation, advancing…
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The Prudential Regulation Authority (PRA) and Financial Conduct Authority (FCA) have appointed Martyn Beauchamp as Chief Executive Officer (CEO) of the Financial Services Compensation Scheme (FSCS). Beauchamp has been Interim CEO of the FSCS since October 2023, and during this time he has successfully overseen the FSCS’s transition to a new operating model. Prior to…
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