12th Jan 2016 08:09
LONDON (Alliance News) - Virgin Money Holdings (UK) PLC on Tuesday said it has poached Tesco Bank's chief financial officer to take up the same role at the lender in 2017.
Peter Bole, whop has led Tesco Bank's finance function since 2009, has previously held senior finance positions at Royal Bank of Scotland Group PLC and as an investment director at Standard Life PLC, and Virgin Money praised his "extensive experience" in UK retail banking.
Virgin Money said its new CFO is likely to replace Dave Dyer in 2017 as a result of his "contractual position" at Tesco Bank. Dyer will remain with the business in a part-time advisory role "for a period of time".
In addition to appointing a new finance boss, Virgin Money said Hugh Chater, previously of Bank of America's MBNA credit cards business, will become its new chief commercial officer, and handed him responsibility for the full range of its products, including credit cards.
Both Bole and Charter will report to Virgin Money's chief executive, Jayne-Anne Gadhia.
By Samuel Agini; [email protected]; @samuelagini
Copyright 2016 Alliance News Limited. All Rights Reserved.
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