UK Finance appoints raft of banking CEOs to Board

Peter Hill, CEO at Leeds Building Society will be leading on mortgage businesses, Joe Garner, CEO of Nationwide Building Society, will lead on mutuals while Hampshire Trust Bank CEO, Mark Sismey-Durrant, will focus on specialist banks.

Former Acting Chief Executive of the FCA, Tracey McDermott, is also set to join the Board, heading up the Fraud and Financial Crime Detection and Prevention unit. She left the FCA to join Standard Chartered in March.

Other names joining the Board include: Ashok Vaswani, CEO at Barclays UK; Ian Stuart, CEO at HSBC UK; John Jenkins, CEO of Amicus; James Bardrick, UK CEO at Citigroup; Joanna Elson OBE, CEO at Money Advice Trust and Ron Kalifa, Vice Chairman and Executive Director at Worldpay.

Jayne-Anne Gadhia, CEO of Virgin Money, will be responsible for leading on diversity.

Former CFO and Executive Director of Santander UK, Stephen Jones, was confirmed as the CEO of UK Finance in April.

UK Finance will integrate the mandates, skills, staff and members of six trade associations: The Asset Based Finance Association, British Bankers’ Association, Council of Mortgage Lenders, Financial Fraud Action UK, Payments UK and the UK Cards Association.

Bob Wigley, Chair of UK Finance, said: “This high profile Board has been created to ensure that the interests of all our members are fairly represented and we really focus on the issues that not only our members but also their customers and broader society think are important. I look forward to working with the Board and Stephen Jones to enhance the development of a vibrant, diverse and competitive financial services sector in the UK which consumers value and trust.”

John Jenkins, CEO at Amicus Finance, added: “The establishment of UK Finance will see increased representation for a range of sectors across the UK financial services industry and I am delighted to be the representative voice for the Asset Based Lending sector, a specialist area that I know well and one that is going from strength to strength. I am confident that together the Board of UK Finance will drive a positive forward looking agenda that highlights the industry’s vital contribution to making a post-Brexit UK work for consumers, SMEs and industry.”