Credit, Collections & Insolvency News
UK Finance, the trade body representing the banking and finance sector has announced two new senior appointments effective from 1st May 2023:
Ben Donaldson has been appointed Managing Director of Economic Crime and David Raw will be appointed as the Managing Director of Commercial Finance.
Donaldson joins UK Finance from the Ministry of Defence, where he is currently in a senior civil service role focused on enhancing the UK’s response to key security challenges through technology and innovation. He has spent his career to date in the civil service and has over 20 years of experience across a range of roles at the Ministry of Defence and the Foreign, Commonwealth and Development Office. He has extensive experience in the security field and has worked closely with key economic crime partners including the National Crime Agency, Police and the Crown Prosecution Service. Donaldson was awarded an OBE in 2015.
Raw joins from the Financial Conduct Authority (FCA), where he is currently on secondment from HM Treasury (HMT) and is the FCA’s Director of Cross Cutting Policy and Strategy. In this role he leads a large team which covers a range of high-profile policy issues including the response to the cost of living crisis, redress policy, the Future Regulatory Framework and the Consumer Duty. Before moving to the FCA he was Deputy Director for Banking and Credit at HM Treasury for six years and led HMT’s policy work on retail banking and SME lending, and played a critical role in developing and delivering the Covid-19 guarantee schemes for business lending. He originally joined HM Treasury in 2005 and has experience across a range of policy roles including in taxation and financial services. Raw was an awarded a CBE in 2022.
The appointments replace Katy Worobec and Stephen Pegge, the current Managing Directors for Economic Crime and Commercial Finance who are both moving on from UK Finance after a number of very successful years.
David Postings, Chief Executive of UK Finance said “I’m delighted to announce the appointments of Ben and David as our new Managing Directors. Tackling economic crime and helping to support businesses are vitally important issues for our members and they both bring a wealth of experience from their time in the civil service and the regulator. I look forward to them joining us in May and working with them to build on our excellent work already undertaken in these areas under Katy Worobec and Stephen Pegge.”
