13 SEPTEMBER, 2010
Arbuthnot Banking Group PLC
Paul Lynam appointed Chief Executive of Secure Trust Bank PLC
Arbuthnot Banking Group PLC ("Arbuthnot") is pleased to announce the appointment of Paul Anthony Lynam as chief executive of Secure Trust Bank, Arbuthnot's retail banking business, and to the Board of Arbuthnot. Both appointments will take effect on 13 September, 2010.
Paul Lynam, aged 42, joins Arbuthnot from Royal Bank of Scotland Group where he was most recently managing director, banking and was responsible for 1.1 million SME customers and nearly 7,000 staff.
Paul's previous roles have included chief executive, UK Business Banking and managing director of Lombard North Central PLC. He holds banking (ACIB) and treasury qualifications (AMCT) and is a Governor of the IFS School of Finance.
Commenting on this appointment, Henry Angest, chairman and chief executive of Arbuthnot, said: "I am delighted to welcome Paul as chief executive of Secure Trust Bank and to the Board of Arbuthnot. His extensive experience will be a significant contribution to the next phase of the Secure Trust's development, and I very much look forward to working with him."
Paul Lynam said: "I am extremely pleased to be joining a great team which has skillfully navigated the recession without the need for any direct or indirect financial support. Secure Trust is well positioned to deliver strong and controlled growth over the coming years and I am really excited about helping the business to take full advantage of the many exciting opportunities that exist."
Save as disclosed above there are no additional disclosures to be made in accordance with Schedule Two paragraph (g) of the AIM rules regarding Paul Lynam.
Enquiries:
Arbuthnot Banking Group PLC
Henry Angest, chairman and chief executive Tel: 020 7012 2400
Andrew Salmon, chief operating officer
Hawkpoint Partners Limited Tel: 020 7665 4500
(Nominated Adviser to the Group)
Lawrence Guthrie
Sunil Duggal
Pelham Bell Pottinger Tel: 020 7861 3923
Polly Fergusson
Notes to Editors:
About Arbuthnot Banking Group and Secure Trust Bank
Arbuthnot Banking Group consists of three main subsidiaries providing banking services to a wide cross-section of clients.
The retail banking arm of the group is Secure Trust Bank. Secure Trust Bank provides a wide scope of services to customers including personal loans, current and savings accounts.
Arbuthnot Latham is the private banking and wealth management arm of the group. It provides banking, financial planning and investment management services to clients.
The group also includes an investment banking business, Arbuthnot Securities, which offers a full range of institutional stockbroking and corporate advisory services and is focused on UK growth companies.
Paul Anthony Lynam - Directorships held in the last five years
| Company Date Appointed Date Resigned | |
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| Great Eastern Limited | 10/09/2007 | 08/08/2008 | | RBS Invoice Finance (Holdings) Limited | 03/11/2008 | 16/02/2010 | | Lombard Ireland Limited | 04/11/2004 | 23/10/2008 | | Jamjar Cars Limited | 17/08/2005 | 08/08/2008 | | Lombard North Central PLC | 06/10/2004 | 08/08/2008 | | Farming and Agricultural Finance Limited | 11/07/2005 | 08/08/2008 | | Lombard Vehicle Management (1) Limited | 10/10/2006 | 08/08/2008 | | Lombard Vehicle Management (3) Limited | 10/10/2006 | 08/08/2008 | | Lombard Vehicle Management (2) Limited | 10/10/2006 | 08/08/2008 | | Lombard Business Leasing Limited | 01/11/2004 | 08/08/2008 | | JCB Finance (Leasing) Limited | 10/11/2004 | 01/08/2008 | | Lombard & Ulster Limited | 01/11/2004 | 23/10/2008 | | JCB Finance Limited | 01/11/2004 | 01/08/2008 | | Lombard Network Services Limited | 01/11/2004 | 08/08/2008 | | Lombard Venture Leasing Limited | 01/11/2004 | 08/08/2008 | | Lombard Business Finance Limited | 01/11/2004 | 08/08/2008 | | Lombard Technology Services Limited | 01/11/2004 | 08/08/2008 | | Lombard Maritime Limited | 01/11/2004 | 08/08/2008 | | RoyScot Trust plc | 01/11/2004 | 08/08/2008 | | Motorsport Dealers International Limited | 10/09/2007 | 08/08/2008 | | Mount Pleasant (Hull) Limited | 10/09/2007 | 08/08/2008 | | Grimsby Malting Retail Development Co. Limited | 10/09/2007 | 08/08/2008 | | Claycliffe Property Developments Limited | 10/09/2007 | 08/08/2008 | | | RoyScot S.A.V. Limited | 01/11/2004 | 22/08/2006 | | | Dixon (Hessle) Limited | 10/09/2007 | 08/08/2008 | | | RoyScot Auto Credit Limited | 26/02/2007 | 08/08/2008 | | | RoyScot Industrial Leasing Limited | 01/11/2004 | 08/08/2008 | | | RoyScot Leasing Limited | 01/11/2004 | 08/08/2008 | | | RoyScot Motor Finance Limited | 14/02/2007 | 08/08/2008 | | | Lombard Ireland Group Holdings | 01/11/2004 | 23/10/2008 | | | RoyScot Larch Limited | 14/02/2007 | 08/08/2008 | | | Charterhouse Japhet Credit Limited | 01/11/2004 | 08/08/2008 | | | Charterhouse Japhet Finance Limited | 02/02/2005 | 30/11/2005 | | | Royal Bank Business Asset Finance Limited | 01/11/2004 | 08/08/2008 | | | Landpower Leasing Limited | 10/05/2006 | 01/08/2008 | | | Charterhouse Japhet Leasing | 01/11/2004 | 08/08/2008 | | | Lombard Asset Finance Limited | 01/11/2004 | 08/08/2008 | | | Lombard Leasing Metropolitan | 01/11/2004 | 08/08/2008 | | | Roadmaster Extended Warranties Limited | 10/09/2007 | 08/08/2008 | | | RoyScot Commercial Leasing Limited | 01/11/2004 | 08/08/2008 | | | Lombard Leasing Services Limited | 01/11/2004 | 08/08/2008 | | | Lombard Finance Leasing Limited | 01/11/2004 | 08/08/2008 | | | RBS Invoice Finance Limited | 03/11/2008 | 03/11/2008 | | | Lombard Corporate Finance Limited | 01/11/2004 | 08/08/2008 | | | Lombard Vehicle Management Limited | 10/10/2006 | 08/08/2008 | | | Lombard Venture Finance Limited | 01/11/2004 | 08/08/2008 | | | Lombard Industrial Leasing Limited | 01/11/2004 | 08/08/2008 | | | RoyScot Taxi Finance Limited | 01/11/2004 | 08/08/2008 | | | Lombard Leasing Network Limited | 01/11/2004 | 08/08/2008 | | | Lombard Industrial Limited | 01/11/2004 | 08/08/2008 | | | RoyScot Spa Leasing Limited | 01/11/2004 | 08/08/2008 | | | Lombard Commercial Limited | 01/11/2004 | 02/12/2008 | | | Dixon Motorcycle Holdings Limited | 10/09/2007 | 08/08/2008 | | | Riossi Motorcycles Limited | 10/09/2007 | 08/08/2008 | | | Dixon Mount Pleasant Developments Limited | 10/09/2007 | 08/08/2008 | | | Lombard North Central Leasing Limited | 01/11/2004 | 08/08/2008 | | | Lombard North Central Wheelease Limited | 01/11/2004 | 08/08/2008 | | | Lombard Initial Leasing Limited | 01/11/2004 | 08/08/2008 | | | Lombard Lessors Limited | 01/11/2004 | 08/08/2008 | | | Lombard Discount Limited | 01/11/2004 | 08/08/2008 | | | Lombard Facilities Limited | 01/11/2004 | 08/08/2008 | | | Lombard Finance Limited | 01/11/2004 | 08/08/2008 | | | Lombard Asset Leasing Limited | 01/11/2004 | 08/08/2008 | | | Lombard IT Vendor Finance Limited | 01/11/2004 | 08/08/2008 | | | Lombard HP Finance | 11/11/2004 | 08/08/2008 | | | Lombard Plant Leasing Limited | 01/11/2004 | 08/08/2008 | | | Centurion Park Developments Limited | 10/09/2007 | 08/08/2008 | | | Lombard Leasing Limited | 01/11/2004 | 08/08/2008 | | | Lombard Initial Finance Limited | 01/11/2004 | 08/08/2008 | | |
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