Board of Directors

UKAR’s Chairman is Richard Pym, the Chief Executive is Richard Banks. They are supported by six Non-Executive Directors: Michael Buckley, John Tattersall, Kent Atkinson, Sue Langley, Keith Morgan, and Chris Fox (see biographical details below).

Richard Pym - Non-Executive Chairman

Richard became Chairman of UKAR in July 2010 having been appointed Chairman of B&B in November 2008 and NRAM in January 2010. He also chairs the Nomination Committees of all three companies and the Transactions Approvals Committees of B&B and NRAM.

Richard is a Non-Executive Chairman of Nordax Finans AB and Chairman-Designate of Allied Irish Banks plc. He was Group Chief Executive of Alliance & Leicester plc until July 2007. Formerly, he was Chairman of 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 and NRAM in October 2010. He is also a member of the Transaction Approvals Committee of B&B and NRAM.

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 a Non-Executive Director of ICICI Bank UK PLC.

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 since January 2010. He is our Senior Independent Director, Chairman of the Audit Committees and a member of the Risk Committees of all three companies.

Kent was previously Group Finance Director of Lloyds TSB 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 SA; 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 joined the Boards of UKAR and NRAM in October 2010, and has been a Non-Executive Director of B&B since July 2007. 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.

Michael is Non-Executive Chairman of DCC plc. 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 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. From April 2003 until April 2012 he was a Non-Executive Director of M&T Corporation in the USA. 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 Boards of UKAR and NRAM in October 2010, having joined the Board of B&B in April 2010. 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 is currently a Non-Executive Director of UBS Limited, 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 Gibraltar Financial Services Commission, 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 - Non-Executive Director

Sue joined the Boards of UKAR and B&B in October 2010, having joined the Board of NRAM in January 2010. She is Chairman of the Remuneration Committee and a member of the Nomination Committee of all three companies.

Sue is CEO of UK Financial Services – UK Trade & Investment. Previous roles include 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, having joined the Board of NRAM in January 2010. He is a member of the Risk and Remuneration Committees of all three companies and the Transaction Approvals Committee of B&B and NRAM.

Keith is CEO of the British Business Bank and a Director of British Business Bank Plc. He is also a Director of Capital for Enterprise Fund Limited and Subsidiaries.

He was formerly a Director and its Head of Wholly-Owned Investments, responsible for managing the Government's shareholdings of UKFI, B&B and NRAM until August 2012. He was also a Non-Executive Director 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.

Christopher Fox - Non-Executive Director

Christopher joined the Boards of UKAR, B&B and NRAM in September 2013 after being appointed by UKFI to manage HM Government's shareholdings in the Companies.

Christopher has extensive experience of financial services, having provided capital markets and investment banking advice to a wide range of financial institutions around the world. He was most recently head of UK banks coverage for UBS Investment Bank. Christopher joined UBS in 1993 and is a qualified accountant. He has an MA from Cambridge University.

Ian Hares – Finance & 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, B&B and NRAM in July 2014. He also attends the Transaction Approvals Committee of B&B and NRAM.

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.