Inter. Pers. Regulatory News (IPF)

26 February 2020

International Personal Finance plc (the "Company")

Board Changes

International Personal Finance plc is pleased to announce the appointment of Stuart Sinclair and Richard Holmes to its Board as independent non-executive directors with effect from 16 March 2020. Stuart will join the Remuneration and Nomination committees and Richard will join the Audit and Risk Committee.

The Company also announces that Dan O'Connor has informed the Board that he intends to retire as Chairman of the Company at the close of its Annual General Meeting on 30 April 2020. Subject to his election as a director at the AGM, Stuart will succeed Dan as Chairman.

Stuart is an experienced non-executive director, committee chair and senior independent director who brings a background in consumer financial services with RBS, GE Capital and Provident Financial. He currently sits on the boards of Lloyds Banking Group, where he chairs the Remuneration Committee, and, as Senior Independent Director, of QBE Europe, the European subsidiary of the major Australian insurance group. He was also a council member of The Royal Institute for International Affairs for six years. 

Richard is a qualified accountant and former senior executive with over 40 years of broad international financial services experience, including 20 years as CEO and board member in private banking, wholesale banking, capital markets, trading, operations, strategy and finance. In his final executive role, he was CEO, Europe for Standard Chartered Bank plc. Having retired from executive roles in October 2016 he currently sits on the board of Ulster Bank where he is a member of the audit, risk and sustainability committees. 

Commenting, Chairman Dan O'Connor said: "We are delighted to be welcoming both Stuart and Richard as non-executive directors. Their skills, talent and wealth of experience will be invaluable to the Company in pursuing its strategy for growth and are ideally qualified to lead the Company through the next stage of its development."

Aside from Stuart's current positions as non-executive director and Chair of the Remuneration Committee of Lloyds Banking Group plc and Senior Independent Director of QBE Insurance (Europe) Limited, he was previously a director of Provident Financial Group plc. There is no other information to be disclosed under Listing Rule 9.6.13.

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Legal Entity Identifier: 213800II1O44IRKUZB59