17th Dec 2019 16:18
(Alliance News) - Retail banking firm Secure Trust Bank PLC on Tuesday said it has appointed David McCreadie as an independent nonâ€executive director.
The Solihull-based company said McCreadie also will join the board's Risk Committee, both with effect from the beginning of 2020.
McCreadie has "many" years of banking experience, gained initially at Royal Bank of Scotland Group PLC and then at Tesco Bank where he was an executive director and managing director, with responsibility for banking and insurance businesses.
"He will complement the skills and experience of the existing directors and further strengthen the board. I welcome David to the board and look forward to the contributions he will make," said Chair Michael Forsyth.
In addition, Secure Trust Bank said Paul Marrow, senior independent director & chair of the Risk Committee, will be standing down following the ninth anniversary of his appointment, at the general meeting on May 13 next year.
Subject to receiving approval from the Regulator, Secure Trust Bank said Ann Berresford, chair of the Audit Committee, will be appointed as senior independent director with effect from the close of the company's annual general meeting.
Meanwhile, Paul Myers will be appointed as chair of the Risk Committee with effect the end of March. Myers also will join the Remuneration Committee from the beginning of 2020 and Victoria Stewart will join the Audit Committee on the same date.
Secure Trust Bank shares were trading 0.7% higher in London on Tuesday afternoon at 1,656.40 pence each.
By Evelina Grecenko; [email protected]
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