Arbuthnot Regulatory News (ARBB)

6 Sep 2006 08:39

Arbuthnot Banking Group PLC06 September 2006 Arbuthnot Banking Group plc Gary Jennison appointed Chief Executive Officer of Secure Trust Bank Arbuthnot Banking Group ("Arbuthnot") is pleased to announce the appointment ofGary Jennison as Chief Executive of Secure Trust Bank, Arbuthnot's retailbanking business, and to the Board of Arbuthnot. Both appointments will takeeffect on 25th September 2006. Gary joins Arbuthnot from Barclays Bank where he was most recently ManagingDirector of the branch network responsible for 2,100 branches and 21,000 staff. Aged 49, Gary has extensive experience in financial services. Before joiningBarclays, Gary was Managing Director of the Business to Business division at LexVehicle Leasing. Previously he held positions as Sales and Marketing Director atGE Capital Auto Financial Services Europe and Hitachi Credit (UK) PLC. Gary hasa degree in Business Studies from Sheffield University.0 Commenting on this appointment, Henry Angest, Chairman & Chief Executive ofArbuthnot, said:"I am delighted to welcome Gary as Chief Executive of Secure Trust Bank and tothe Board of Arbuthnot. His extensive and relevant experience will be asignificant contribution to the next phase of the Bank's development, and I verymuch look forward to working with him." Gary Jennison commented:"I am delighted to be joining as CEO of Secure Trust Bank and the Board ofArbuthnot during both the division and group's next stage of development. Thefocus on creating sustainable value is evident throughout the group and I ampleased to have the opportunity to be part of this." Save as disclosed in the attached schedule there is no other information that isrequired to be disclosed under Schedule 2, paragraph (g) of the AIM rules. Enquiries: Arbuthnot Banking Group Tel. No.: 020 7012 2400Henry Angest Chairman & Chief ExecutiveAndrew Salmon Chief Operating Officer Maitland Tel. No.: 020 7379 5151Richard Farnsworth Notes to Editors Secure Trust Bank Secure Trust is a well-established retail banking business serving customerspredominantly in the West Midlands. Secure Trust Bank's core product is ahousehold budgeting service, marketed under the Secure Homes One Bill brand andis the market leader in this field. The service enables customers to smooth thepayment of their regular household bills over fixed weekly or monthly payments.To complement the household budgeting service, Secure Trust Bank also provides afull range of banking services including personal loans, current and savingsaccounts, an estates agency and financial services division. A debt repaymentservice, launched in 2001 and marketed under the DebtWise brand, provides helpand support to individuals who find themselves in financial difficulty. Thegroup's retail insurance business, SecureDirect Insurance Services, offers arange of insurance products to customers, operating from a network of HighStreet branches as well as a dedicated telephone call centre. With a staff ofapproximately 400, Secure Trust Bank has multiple office locations in the WestMidlands. Secure Trust Bank is the retail banking division of Arbuthnot Banking Group PLCwhose shares are quoted on the Alternative Investment Market of the London StockExchange. Arbuthnot Banking Group Arbuthnot Banking Group PLC is an independent, diversified financial servicesgroup providing banking and financial products and services to individual andcorporate clients through its three divisions. Arbuthnot Latham offers a highquality personal banking and wealth management service; Arbuthnot Securitiesprovides a full range of institutional stockbroking and corporate financeadvisory services focused on UK small- and mid-cap companies; and Secure TrustBank provides household cash management, personal loans, banking, insurance,investment management and estate agency services. Arbuthnot Banking Group PLC has approximately 650 staff and is headquartered inthe City of London with operations throughout the United Kingdom. Its shares arequoted on the Alternative Investment Market of the London Stock Exchange. SCHEDULE Gary Jennison - Directorships held in the last 10 years Company Date Appointed Date Resigned Lex Vehicle Leasing (1) Limited 24/01/2000 02/07/2002Lex Vehicle Leasing (3) Limited 24/01/2000 02/07/2002Lex Vehicle Leasing (4) Limited 24/01/2000 02/07/2002 Sprint1109 Limited 19/05/2006 PresentStep Change Limited 16/06/2006 Present This information is provided by RNS The company news service from the London Stock Exchange