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UK Finance today announces the appointment of David Postings as its new Chief Executive.
The decision to appoint David has been made with the unanimous support of the Board of UK Finance. This follows a rigorous recruitment process, led by Sapphire Partners and UK Finance's nominations committee.
Commenting on the appointment, David Postings said:
"I am pleased to be taking on this role at UK Finance at such an important time for the industry. The sector's response to the Covid-19 pandemic has shown the vital role that finance must play in supporting consumers and businesses through this difficult economic situation.
"I am looking forward to working with members and colleagues to continue UK Finance's commitment to building an even more customer-focused and innovative sector for the benefit of the UK economy as a whole."
UK Finance Executive Chair, Bob Wigley, said:
"I am delighted to announce David Postings appointment as UK Finance's new Chief Executive. He will bring wide and deep experience of our sector and crucially at this time, a real understanding of the vital role our members play in supporting SMEs and consumers across the UK. I look forward to working with David in his new role and continuing to develop UK Finance as a world class representative organisation that delivers both for our members and their customers."
David Postings will be joining UK Finance on 1st January, 2021. Bob Wigley will continue as the Executive Chair of UK Finance until David takes up his role as CEO.
<ol><li>UK Finance is the collective voice for the banking and finance industry. Representing more than 250 firms across the industry, we act to enhance competitiveness, support customers and facilitate innovation.</li>
<li value="2">David was appointed as the UK Chief Executive for Bibby Financial Services in April 2012 and served as Global Chief Executive from September 2015 until he stepped down last month. David has over 40 years? experience in financial services and has held senior roles at Barclays where he led Barclays Sales Financing in the late 1990s and went on to run the Barclays Group IT and Operations business before joining Lloyds TSB as Managing Director of the Commercial Bank in 2004. David was also Chief Executive of Cattles PLC and TTT Moneycorp, before joining Bibby. David has been a Non Executive Director of UK Finance since September 2018.</li>
<li value="3">The recruitment process for the new CEO was led by <a href="http://www.sapphirepartners.co.uk/">Sapphire Partners</a> and the UK Finance Nominations Committee made up of the members of the UK Finance board including: Susan Allen, CEO, Retail & Business Banking Santander, Charlotte Crosswell, CEO Innovate Finance, David Duffy, CEO Virgin Money, Anne Marie Vestraeten, UK Country Head BNP Paribas Group and Bob Wigley, Chair UK Finance.</li>