Directorate change
April 05 2024 - 1:00AM
UK Regulatory
Directorate change
OSB GROUP PLC
LEI: 213800ZBKL9BHSL2K459
5 April 2024
Appointment of CFO
OSB GROUP PLC (“OSBG” or the “Group”) is very
pleased to announce the appointment of Victoria Hyde to the board
of OSBG as Chief Financial Officer (CFO) and Executive Director,
subject to regulatory approval, with effect from 10 May 2024. This
appointment follows a comprehensive search process, both internally
and externally by the board, facilitated by a top global search
firm.
Victoria joined OSBG as Deputy Chief Financial
Officer in September 2022, specifically as part of the board’s
executive succession planning. Prior to joining OSBG, during a
21-year career at Barclays, Victoria undertook several complex
roles across Product Control, Treasury Finance and Financial
Planning and Analysis. Most recently, she served as Finance
Director of the Barclays Consumer, Cards and Payments businesses.
Victoria is a qualified Chartered Management Accountant and brings
extensive experience in financial services.
Victoria will succeed April Talintyre, whose
intention to retire was announced on 2 November 2023. April will
step down from the board at the Group’s Annual General Meeting on 9
May 2024.
David Weymouth, Chairman of OSBG, said: “I am
delighted that Victoria has accepted the role and will be able to
bring to bear her wealth of experience from a successful career in
senior roles, which will be both relevant and important in helping
lead the next phase of development at OSB.”
Andy Golding, Chief Executive Officer of OSBG,
said: “I am very much looking forward to working with Victoria who,
in her short time at OSB, has already made a positive impact on our
business, including bolstering resources in the finance function to
embrace the next phase of growth for the business. I would also
like to take this opportunity to again thank April for her valuable
support and to wish her all the best for the future.”
Victoria Hyde said: “I am incredibly pleased to
be taking on this role. Since I joined OSB Group as a member of the
executive committee over a year ago, I have worked closely with
Andy and the board, and I am very positive about the opportunities
ahead for the Group.”
There are no matters to disclose under Listing
Rule 9.6.13.
Note
The person responsible for arranging the release of this
announcement on behalf of OSBG is Jason Elphick, Group General
Counsel and Company Secretary. All enquiries should be directed to
Investor Relations or Brunswick Group, contact details below.
Enquiries:
OSB GROUP PLC
Alastair Pate
Group Head of Investor Relations
t:
07714 181 864
Investor relations
Email: osbrelations@osb.co.uk
t:
01634 838 973
Brunswick
Group
Robin Wrench/Simone Selzer
t:
020 7404 5959
Notes to Editors
About OSB GROUP PLC
OneSavings Bank plc (OSB) began trading as a
bank on 1 February 2011 and was admitted to the main market of the
London Stock Exchange in June 2014 (OSB.L). OSB joined the FTSE 250
index in June 2015. On 4 October 2019, OSB acquired Charter Court
Financial Services Group plc (CCFS) and its subsidiary businesses.
On 30 November 2020, OSB GROUP PLC became the listed entity and
holding company for the OSB Group. The Group provides specialist
lending and retail savings and is authorised by the Prudential
Regulation Authority, part of the Bank of England, and regulated by
the Financial Conduct Authority and Prudential Regulation
Authority. The Group reports under two segments, OneSavings Bank
and Charter Court Financial Services.
OneSavings Bank (OSB)
OSB primarily targets market sub-sectors that offer high growth
potential and attractive risk-adjusted returns in which it can take
a leading position and where it has established expertise,
platforms and capabilities. These include private rented sector
Buy-to-Let, commercial and semi-commercial mortgages, residential
development finance, bespoke and specialist residential lending,
secured funding lines and asset finance.
OSB originates mortgages organically via specialist brokers and
independent financial advisers through its specialist brands
including Kent Reliance for Intermediaries and InterBay Commercial.
It is differentiated through its use of highly skilled, bespoke
underwriting and efficient operating model.
OSB is predominantly funded by retail savings originated through
the long-established Kent Reliance name, which includes online and
postal channels as well as a network of branches in the South East
of England. Diversification of funding is currently provided by
securitisation programmes and the Bank of England’s Term Funding
Scheme with additional incentives for SMEs.
Charter Court Financial Services Group
(CCFS)
CCFS focuses on providing Buy-to-Let and specialist residential
mortgages, mortgage servicing, administration and retail savings
products. It operates through its brands: Precise Mortgages and
Charter Savings Bank.
It is differentiated through risk management expertise and
best-of-breed automated technology and systems, ensuring efficient
processing, strong credit and collateral risk control and speed of
product development and innovation. These factors have enabled
strong balance sheet growth whilst maintaining high credit quality
mortgage assets.
CCFS is predominantly funded by retail savings originated
through its Charter Savings Bank brand. Diversification of funding
is currently provided by securitisation programmes and the Bank of
England’s Term Funding Scheme with additional incentives for
SMEs.
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