(Sharecast News) - Equiniti has appointed Paul Lynam as its new chief executive with effect from 1 April, succeeding Guy Wakeley.
The company said Lynam is an experienced business leader "focused on customer satisfaction and staff engagement as key levers of business success". He has been CEO of Secure Trust Bank since 2010 and has been responsible for delivering "significant" shareholder value since its listing in 2011, Equiniti added.
Wakeley, who has been CEO since 2014, will step down with immediate effect by mutual agreement.
Cheryl Millington, currently an independent non-executive director at Equiniti, has assumed the role of interim CEO until 1 April.
Chairman Philip Yea said: "I am very pleased that Paul has agreed to join as chief executive. Prior to STB Paul led a range of diverse businesses including Lombard asset finance and the SME banking business of NatWest in the UK. He was one of the founding directors of UK Finance, the recognised trade body for the UK financial services industry. We are delighted to have attracted someone of Paul's experience to lead the group."
1 Apr 2021 08:27
Equiniti swings to loss in 'very challenging' year
(Sharecast News) - Equiniti Group reported a 15.1% fall in revenue amid a "very challenging environment" in its final results on Thursday, to £471.8m, as disruption to capital markets and the wider economy caused by the Covid-19 pandemic significantly impacted its performance.
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