Board of directors

The Board is responsible to shareholders for strategic direction, management and control of the group’s activities and is committed to the highest standard of corporate governance in delivering in these areas.


    • All commitees
    • Executive committee
    • Remuneration committee
    • Audit committee
    • Nomination committee
    • Risk Advisory committee
    • Disclosure committee

Image of Stuart Sinclair

Stuart Sinclair

Interim non-executive Chairman

Stuart Sinclair

Appointed to the board in 2012

Committee membership
Remuneration committee
Audit committee
Disclosure committee

Chairman
Nomination committee
Risk advisory committee

Key strengths:

  • Extensive experience in the financial services market in the UK and overseas.
  • 10 years’ experience in US-based management consulting, 14 years’ experience as CEO or equivalent in retail banking organisations and seven years’ experience on the Boards of financial services companies.

Previous board and management experience:
Chairman of GE Capital China and GE Capital Bank (UK), chief executive officer of Tesco Personal Finance, director of Virgin Direct, director of Retail Banking at The Royal Bank of Scotland, non-executive director at Liverpool Victoria and TSB plc, council member of the Royal Institute for International Affairs (Chatham House) and senior independent director of Swinton Group Limited.

Current external appointments:
Senior independent director of QBE Insurance (Europe) Limited and QBE Underwriting Limited, non-executive director of Lloyds Bank plc, Lloyds Banking Group Limited, Bank of Scotland plc and HBOS plc.

Image of Malcolm Le May

Malcolm Le May

Chief Executive Officer

Malcolm Le May

Appointed to the board in 2014

Chairman
Executive committee
Disclosure committee

Key achievements:

  • Assumed the position of Interim Executive Chairman and provided effective leadership to the Board following the untimely and tragic death of Manjit Wolstenholme
  • Worked with the Board to redefine roles and responsibilities and initiated a process to ensure the Board has the right skill set to make it fit for purpose.
  • Re-established and developed an ongoing and transparent relationship with the group’s regulators.
  • Appointed an interim group CRO and initiated a process to develop key group roles capable of supporting the group’s divisions.

Previous board and management experience:
Co-head of banking for Barclays in New York; head of investment banking, Europe at UBS, global head of corporate and investment banking at ING Barings, deputy CEO at Morley Fund Management (now Aviva Investors), president of JER Europe, senior independent director of Pendragon plc and non-executive director of RSA Insurance Group plc.

Current external appointments:
Senior independent director of IG Group Holdings plc, non-executive director of Hastings Group Holdings plc, senior advisor to Heidrick & Struggles, trustee of the Grange Festival and partner at Opus Corporate Finance and Juno Capital LLP.

Image of Andrew Fisher

Andrew Fisher

Finance director

Andrew Fisher

Appointed to the board in 2006

Committee membership
Executive committee
Disclosure committee

Key achievements:

  • Worked with the Chief Executive Officer to reposition the group and deliver its successful recapitalisation to both shareholders and its regulators
  • Managed the group’s capital and equity positions through the period of uncertainty faced by the group.
  • Assisted with the development and implementation of the new group governance structure.

Previous board and management experience:
Finance director of Premier Farnell plc and partner at Price Waterhouse LLP.

Current external appointments:
Non-executive director of Arrow Global Group plc.

Image of Andrea Blance

Andrea Blance

Independent non-executive director

Andrea Blance

Appointed to the board in 2017

Committee membership
Nomination committee
Risk advisory committee

Chairman
Remuneration committee
Audit committee

Key strengths:

  • Over 30 years’ experience in pension and financial services businesses.
  • Extensive experience of risk management, regulation and of developing customer centric strategies to deliver quality customer outcomes.

Previous board and management experience:
Executive committee member of Legal & General Group plc, holding various senior leadership roles over a 29 year career including Divisional Chief Financial officer, Group Financial Controller, Group Chief Risk Officer and Strategy & Marketing Director.

Current external appointments:
Non-executive director at Scottish Widows Group, Lloyds Banking Group Insurance Division and the Mentoring Foundation.

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Rob Anderson

Independent non-executive director

Rob Anderson

Appointed to the board in 2009

Committee membership
Remuneration committee
Nomination committee

Key strengths:

  • Extensive retail experience and knowledge of the type of consumer served by the group.
  • Operational business experience which is relevant to the group’s businesses.

Previous board and management experience:
Director of the childrenswear business unit of Marks & Spencer plc and chief executive officer of Signet Jewelers Limited’s UK Division.

Current external appointments:
None.

Image of John Straw

John Straw

Independent non-executive director

John Straw

Appointed to the board in 2017

Committee membership
Nomination committee
Risk advisory committee

Key strengths:
Experienced digital entrepreneur who has led and advised on critical digital transformations across a number of sectors.

Previous board and management experience:
Founder and chief executive officer of NetRank Ltd. Head of the digital advisory board of Premier Farnell plc, various digital transformation positions at Internet Marketing Ltd , chairman of the digital advisory board of Thomas Cook Group plc and author of a book on disruptive technology (iDisrupted).

Current external appointments:
Senior advisor at McKinsey & Co, IBM, and Bought By Many Ltd, and non-executive director of CTRLio Ltd.

Image of Ken Mullen

Ken Mullen

General Counsel and Company Secretary

Ken Mullen

Appointed to the board in 2007

Committee membership
Executive committee
Disclosure committee

Secretary
Remuneration committee
Audit committee
Nomination committee
Risk advisory committee

Key achievements:

  • Reorganising the property and employment legal teams.
  • Developing a legal risk register and creation of a legal audit function.
  • Negotiating Heads of Terms to secure the redevelopment of the premises adjacent to the group’s head office in Bradford.
  • Overseeing the group’s participation in the Legal Social Mobility Partnership Work Experience Programme for 26 students from local schools in Leeds.
  • Joining the GC100 and taking part in a number of events.

Previous board and management experience:
Company secretary and general counsel of Premier Farnell plc, Silentnight plc and Whessoe plc.

Current external appointments:
Chairman of Rexel UK Limited Pension Scheme.