Vanquis Banking Group PLC Non-Executive Director Appointment (3492S)

TIDMVANQ

RNS Number : 3492S

Vanquis Banking Group PLC

09 March 2023

Vanquis Banking Group plc

Non-Executive Director Appointment

9 March 2023

The Board of Vanquis Banking Group is pleased to announce the appointment of Michele Greene as a Non-Executive Director of the Company with effect from 9 March 2023. Following her appointment, Michele will become a member of the Nomination, Risk and Customer, Culture and Ethics Committees.

Patrick Snowball, Chairman of Vanquis Banking Group, commented:

"I am delighted to welcome Michele to the Board of Vanquis Banking Group and look forward to working with her. Michele brings significant experience across technology, banking, and payments as we continue the development of the organisation as a specialist banking group with a focus on customers in the mid-cost and near-prime markets."

Michele is a highly experienced finance professional at executive and Board level. She has held senior roles at Virgin Money and MBNA Europe Bank and, prior to that, she worked across various finance functions at Goldman Sachs, Credit Lyonnais and KPMG Dublin. At Virgin Money, Michele was Director of Strategic Development, where she was responsible for establishing a credit card business on a newly built IT platform and was subsequently appointed as the Managing Director of the Virgin Money Digital Bank. Prior to that she was the Chief Financial Officer of MBNA Europe Bank between 2005 and 2013.

Michele is currently Executive Director and co-founder of Mololo Limited, a boutique advisory company specialising in helping companies in the payments and unsecured lending space. She also holds Non-Executive Director seats at Bank of Ireland plc, Fair Finance and Davy Financial Services Group.

Michele Greene commented:

"I am really excited to be joining Vanquis Banking Group as a Non-Executive Director at such an exciting time in its strategic repositioning as a specialist banking group. I am looking forward to helping the Group in its next phase of growth and development, whilst helping to maintain its strong sense of purpose and promotion of financial inclusion for its customers."

The following information is disclosed in accordance with LR 9.6.13:

In accordance with the Listing Rules, there are no other matters requiring disclosure under 9.6.13R of the Listing Rules of the Financial Conduct Authority in relation to the appointment of Michele Greene.

 
 Enquiries: 
 Analysts and shareholders: 
 Owen Jones, Group Head of 
  Investor Relations                                          07341 007842 
 Owen.jones@vanquisbankinggroup.com 
 
 
   Media: 
 Richard King, Vanquis Banking 
  Group                                                       07919 866876 
 Nick Cosgrove/Simone Selzer, 
  Brunswick                                                   0207 4045959 
 vanquisbankinggroup@brunswickgroup.com

Notes to editors:

Michele Greene is a Chartered Accountant and an experienced business executive and finance professional, operating at executive management and board level. She received a BSc (Mgmt) and MA from Trinity College Dublin and is a fellow of the Institute of Chartered Accountants in Ireland. Previously, Michele served as Managing Director for Virgin Money's Digital Bank where she was responsible for defining the strategy and determining the business model to deliver a standalone digital banking business. Michele joined Virgin Money, initially as Director of Banking, with responsibility for building the banks' new credit card business. She also served as Chief Financial Officer of MBNA Europe during a period of significant change.

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