Board Members Biographies

UKAR’s Chairman is Richard Pym, the Chief Executive is Richard Banks. They are supported by seven Non-Executive Directors: Michael Buckley, John Tattersall, Kent Atkinson, Sue Langley, Keith Morgan, David Lunn and Brendan McDonagh, and one Executive Director, Ian Hares (see biographical details below).

Richard Pym CBE - Non-Executive Chairman

Richard became Chairman of UKAR in July 2010, having been appointed Chairman of B&B in November 2008 and NRAM (No.1) in March 2016.  He also chairs the Nomination Committees of all three companies and the Transaction Approvals Committee of B&B and NRAM (No.1). In June 2015 Richard was awarded a CBE for services to taxpayers and financial stability.

Richard is Chairman of Allied Irish Banks plc and a Non-Executive Director of Nordax Bank AB (publ).

He was Group Chief Executive of Alliance & Leicester plc until July 2007. Formerly, he was Chairman of NRAM plc, Nordax Bank AB (publ), the Co-operative Bank plc, BrightHouse Group Plc and Halfords Group plc, and a Non-Executive Director of The British Land Company PLC, Old Mutual plc and Selfridges plc. Richard is a Fellow of the Institute of Chartered Accountants in England and Wales.

Richard Banks - Chief Executive Officer

Richard became Chief Executive Officer of UKAR in July 2010 and was appointed Chief Executive Officer of B&B in October 2010 and NRAM (No.1) in March 2016. He is also a member of the Transaction Approvals Committee of B&B and NRAM (No.1).

Richard is Chairman of Shop Direct Financial Services Limited and Non-Executive Director of Liverpool Compact, which provides work experience for 14-19 year olds.

Before joining the Board of B&B in May 2009, Richard's career has been in retail and commercial banking. He was previously a Director of Alliance & Leicester plc where he was Group Risk Director and before that Managing Director of Commercial Banking. Richard is an Associate of the Chartered Institute of Banking and was formerly Chief Executive Officer of NRAM plc, a Non-Executive Director of ICICI Bank UK PLC and an interim Non-Executive Director of the Student Loan Company Ltd.

Kent Atkinson - Senior Independent Director

Kent joined the Boards of UKAR and B&B in October 2010, and has been a Non-Executive Director of NRAM and prior to that Northern Rock plc, since August 2008. He is our Senior Independent Director, Chairman of the Audit Committees and a member of the Risk Committees.

Kent was previously Group Finance Director of Lloyds TSB Group plc and subsequently a Non-Executive Director. He is a Non-Executive Director, Chairman of the Audit Committee and a member of the Risk Committee of the Bank of Ireland Group. Previously he was a Non-Executive Director and a member of the Audit Committee and Mergers & Acquisition Committee of Gemalto NV; the Senior Independent Director and Chairman of the Audit Committee of Coca-Cola HBC AG; a Non-Executive Director, Chairman of the Group Audit and Compliance Committee and a member of the Risk and Investment Committees of Standard Life plc; a Non-Executive Director, Chairman of the Audit Committee and a member of the Risk Committee of Northern Rock plc; the Senior Independent Director and Chairman of the Audit Committees of Cookson Group plc and Telent plc (previously Marconi Corporation plc); and a Non-Executive Director and a member of the Audit Committee of Millicom International Cellular S.A.

Michael Buckley - Non-Executive Director

Michael has been a Non-Executive Director of B&B since July 2007, joined the Board of UKAR in October 2010 and the Board of NRAM (No.1) in March 2016. He is a member of the Audit, Risk and Nomination Committees of all three companies and the Transactions Approvals Committees of B&B and NRAM (No.1).

Michael is Chairman of KKR Alternative Investment Management Ltd and KKR Credit Advisors (Ireland) Ltd. He is also a senior advisor to a number of privately held Irish and US based companies, and is an Adjunct Professor at the Department of Economics at NUI University College, Cork.

He was a Non-Executive Director of NRAM plc from October 2010 to April 2016, the Non-Executive Chairman of DCC plc from May 2008 to October 2014 and Senior Independent Director of DCC plc from September 2005 to May 2008. From April 2003 until April 2012 he was a Non-Executive Director of M&T Corporation in the USA. He was Group Chief Executive of Allied Irish Banks plc from 2001 to 2005 having earlier served as Managing Director of AIB Capital Markets and AIB Poland. Previously he was Managing Director of the NCB Group, and a senior public servant in Ireland and the EU.

John Tattersall - Non-Executive Director

John joined the Board of B&B in April 2010, the Board of UKAR in October 2010 and the Board of NRAM (No.1) in March 2016 He is Chairman of the Risk Committees and a member of the Audit and Remuneration Committees of all three companies.

John retired as a partner in PricewaterhouseCoopers LLP in 2009, where he had worked since 1975, latterly as leader of the firm's Financial Services Regulatory Practice and a senior client relationship partner. He started his career in the financial services sector with Kleinwort Benson Limited in 1973. Until 2009 he was Chairman of the Risk and Regulation Committee of the Financial Services Faculty of the Institute of Chartered Accountants in England and Wales, and a member of the faculty board. He was previously also a Non-Executive Director of NRAM plc. He is currently Chairman of UBS Limited, and a Non-Executive Director of R Raphael & Sons PLC (Raphael's Bank), CCLA Investment Management Limited, South East Institute for Theological Education, Diocesan Trustees (Oxford) Limited, The Oxford Diocesan Board of Finance, RC Bond Holdings Limited and Retail Charity Bonds Plc. He is also Chairman of the Court of the Royal Foundation of St Katharine, and a non-stipendiary priest in the Church of England. He acted as Consultant Editor and joint author of two books 'A Practitioner's Guide to the Basel Accord' and 'A Practitioner's Guide to FSA Regulation of Banking', and served as a member of the Independent Commission on Equitable Life payments.

Sue Langley OBE - Non-Executive Director

Sue joined the Boards of UKAR and B&B in October 2010 and the Board of NRAM (No.1) in March 2016. She is Chairman of the Remuneration Committee and a member of the Nomination Committee of all three companies. Sue was awarded an OBE in the 2015 New Year Honours list for services to Women in Business.

Sue is Chairman of RJ Gallagher (UK) Ltd and was previously CEO of UK Financial Services – UK Trade & Investment. Previous roles also include Non-Executive Director of NRAM plc, Director of Market Operations and a member of the Executive Team for Lloyd’s of London, Chairman of Lloyd’s Japan and Director of Lloyd’s Asia, Chief Operating Officer and a member of the Executive Team of the Hiscox Group and Board member for Hiscox Syndicates and Hiscox Insurance. She joined Hiscox from PricewaterhouseCoopers where she was a Principal Consultant working with a range of FTSE companies.

Keith Morgan - Non-Executive Director

Keith joined the Boards of UKAR and B&B in October 2010 and the Board of NRAM (No.1) in March 2016. He is a member of the Risk and Remuneration Committees of all three companies and the Transaction Approvals Committee of B&B and NRAM (No. 1).

Keith is CEO of the British Business Bank and a Director of British Business Bank Plc. He was formerly a Director of UKFI, responsible for managing the Government's shareholdings in UKAR, B&B and NRAM until August 2012. He was also a Non-Executive Director of NRAM plc and of Northern Rock plc until its sale to Virgin Money in January 2012. Keith joined UKFI from Banco Santander where he was a Director of Sovereign Bancorp in the U.S.A. focusing on the integration of Sovereign into Santander. He was previously Director of Strategy & Planning at Abbey National, where he was a member of the Executive Committee and was also Chairman of Santander's Asset Management and Credit Card businesses in the UK. Before joining Abbey in 2004, Keith spent 18 years at L.E.K. Consulting, where he was a partner specialising in financial services.

David Lunn - Non-Executive Director

David joined the Boards of UKAR and B&B in November 2014 and NRAM (No.1) in March 2016 having been appointed by UKFI to manage HM Government's shareholdings in the UKAR companies. He is also a member of the Transaction Approvals Committee of B&B and NRAM (No.1).

David came to UKFI from HM Treasury, where he worked on many of the interventions made by the UK Government in response to the financial crisis. Most recently, he headed the HM Treasury team leading on the development of bank and other financial sector resolution policy. A career civil servant, he joined HM Treasury in 2009 from the Department for Transport, where he worked on a variety of policy areas, with a focus on the funding and financing of the Department’s major projects. He joined the then Department of Transport as a Government economist in 1995. David was also previously a Non-Executive Director of NRAM plc.

Brendan McDonagh – Non-Executive Director

Brendan joined the Boards of UKAR and B&B in April 2016.

Brendan is the former Executive Chairman of the Bank of N.T. Butterfield & Son Limited, Hamilton, Bermuda. He is a former CEO of HSBC North America Holdings Inc with responsibility for the Group’s banking and consumer finance operations in the US and Canada. He was also Group Managing Director for HSBC Holdings Inc and a member of the HSBC Group Management Board. Brendan started his banking career with HSBC in 1979 and worked in Asia, Middle East, Europe and North America.

Brendan is a member of the board of Ireland's National Treasury Management Agency. He is Chairman of the Remuneration Committee and Chairman of the Investment Committee of the Ireland Strategic Investment Fund. He also serves on the advisory board of the business school of Trinity College Dublin.

Ian Hares – Financial & Investment Director

Ian Hares became Finance & Investment Director in December 2013 having been Investment Director since 2011. He was appointed to the Boards of UKAR and B&B in July 2014 and to the Board of NRAM (No.1) as Finance & Investment Director in March 2016. He is also a member of the Transaction Approvals Committee of B&B and NRAM (No.1).

Ian has over 35 years experience within the financial services industry having previously worked for Santander UK Group, Alliance & Leicester plc, Girobank plc and National Westminster Bank Group. He was also previously the Finance & Investment Director of NRAM plc.