Matt Hammerstein, CEO of Barclays Bank UK; Lucy-Marie Hagues, CEO of Capital One UK; John Hourican, Chief Executive of NewDay Group; and Max Roberts, UK Country Lead for Stripe, have joined the Board.

In line with the expiration of their terms agreed with the UK Finance Board, the following stepped down with effect from 1 July 2021:

• Vim Maru, Lloyds Banking Group
• Tracey McDermott, Standard Chartered

Representing around 300 firms, UK Finance is the collective voice for the banking and finance industry acting to enhance competitiveness, support customers and facilitate innovation. It offers research, policy expertise and advocacy as well as operational and project implementation to enhance members' own services where collective activity across the industry is appropriate. The Board, which is led by UK Finance Chair Bob Wigley, has been developed to ensure senior and fair representation across the industry.

Commenting on the changes to the UK Finance Board, Bob Wigley, Chair of UK Finance, said:

The banking and finance industry has provided unprecedented support to consumers and businesses throughout the pandemic and into the recovery. The UK Finance Board plays a vital role in enabling members to support their customers and wider society, and I welcome the new members and the expertise they bring to help UK Finance continue its excellent work.

The Board would like to thank Vim Maru and Tracey McDermott for their significant contributions to the success of UK Finance during their terms and looks forward to welcoming our four new board members.