Shawbrook appoints new chairman

On appointment as Chairman, John will also chair the Nomination Committee and be appointed as a member of the Remuneration Committee.

John brings extensive financial services experience to the Board, gained through both his executive and non-executive careers. John currently serves as Chairman of ANZ Bank (Europe) Limited and is Senior Independent Director of FCE Bank plc and was formerly a Non-Executive Director at Aldermore Group plc and Mobility Operations Group plc.

Steve Pateman, Chief Executive Officer, said:

"On behalf of the Shawbrook Board I'd like to thank Iain Cornish for his contribution to the business over the last few years.

"I am delighted that John has decided to join Shawbrook. He brings a proven track record in financial services and his appointment will help us build a bigger and better Shawbrook. I look forward to working closely with him throughout the next phase of Shawbrook's journey."

John Callender, Chairman, said:

"I am delighted to be appointed Chairman of Shawbrook at this exciting time for the bank. I look forward to working with the Board and the Shawbrook management team; I'm confident we can collectively capitalise on the opportunities that lie ahead."