LONDON, Jan 24 (Reuters) - Virgin Money UK said on
Friday its chairman Jim Pettigrew is planning to retire by
September 2021 when his tenure on the board will reach nine
years.
The bank said it had started a search process to identify a
new chairman.
Pettigrew, a 61 year-old Scot, was previously chairman of
CYBG Plc which bought Virgin Money in 2018 to create Britain's
sixth-largest lender.
The combined group is betting on the high profile brand of
Richard Branson's Virgin empire and growth in business banking
to challenge larger rivals such as Lloyds, RBS
and Barclays.
(Reporting by Pamela Barbaglia; editing by Jason Neely)
Barclays (BARC)
Lloyds (LLOY)
