OneSavings Bank appoints new Chairman

OneSavings Bank appoints new Chairman




Specialist challenger bank OneSavings Bank has announced the appointment of a new Chairman.

Specialist challenger bank OneSavings Bank has announced the appointment of a new Chairman. 

OneSavings Bank (OSB), which has a balance sheet of over £3 billion, has hired Mike Fairey as non-executive Chairman. 

Mike, who started his role a few weeks ago, replaces Stephan Wilcke who is stepping down as Executive Chairman but will remain on the Board as a non-executive.

Mr Fairey, 65, is an extremely experienced banking executive. In a career spanning across more than 40 years, he has held a range of senior positions.

He said: "OneSavings Bank is an excellent business with a highly qualified and experienced management team who are committed to the organisation for the long term. I am very much looking forward to working with them in order to help drive future profitable growth.'
 
Mr Wilcke said: "I am proud of what OSB has achieved. Our last set of results demonstrated the great progress that the business has made. The combination of Mike's experience and stewardship with Andy's continued drive and leadership will see OSB go from strength to strength. I look forward to supporting them as a non-executive director."

Andy Golding, Chief Executive of OneSavings Bank plc, said: "I am delighted that Mike has agreed to join OneSavings Bank. His experience in the banking sector is immense and he is a great addition to our board. I am very excited about the prospect of working with Mike as we take the Bank to the next level of its development. I would also like to thank Stephan for all his hard work over the last three years and I am delighted that he will be remaining on the board as a non-executive director."

For 10 years, until 2008, Mr Fairey was Deputy Chief Executive of Lloyds Banking Group. Currently, he holds a number of non-executive positions, including the chairmanship of APR Energy. He is also the Chairman of the Trustees of the Lloyds TSB Pension Funds.

Mr Wilcke joined OSB at inception as an independent non-executive director and Chair of the Risk Committee, stepping up in 2012 to the role of Executive Chairman, and executive lead on mergers and acquisitions.

The specialist lending and retail savings group has built a strong position as a specialist lender offering a broad range of products to UK SMEs and consumers. 

In addition OneSavings Bank has an excellent reputation amongst customers and in the national press as a value for money retail savings provider. It provides loans and offers savings and investments through its Kent Reliance, InterBay Commercial, Prestige Finance and Reliance Property Loan brands.

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