Paragon Group Regulatory News (PAG)

Paragon Banking Group PLC ("Paragon" or the "Group")

Non-executive director appointment

Paragon is pleased to announce the appointment of Tanvi Davda as a Non-Executive Director and member of the Risk and Compliance and Remuneration Committees with effect from 1 September 2022.

Tanvi brings a diverse range of skills and knowledge to the Board. With an Executive career of more than 25 years she began her career at Credit Suisse as a Derivatives Trader, then went on to work with IBM as a Management Consultant before joining ABN AMRO and then Barclays Wealth where she was Managing Director of Global Research and Investments at Barclays Wealth.

In 2015, Tanvi co-founded Saranac Partners ("Saranac"), a boutique Wealth Manager, where she was CEO until 2021. She now serves on the Saranac board as a Non-Executive Director. 

Tanvi's non-executive career also included roles on the board of Ofqual, the qualifications and examinations regulator, and the Student Loans Company. 

Tanvi said: "I am very pleased to be joining Paragon as it continues on its journey to being the UK's leading technology-enabled specialist bank."

Robert East, Chair of the Board added: "Tanvi has exemplary finance, advisory and regulatory experience, which complements the existing skillset of the Board and will benefit the Group considerably."

This announcement is made in accordance with Rule 9.6.11 of the Listing Rules.

The Group confirms there are no matters requiring disclosure under Rule 9.6.13 of the Listing Rules.

For further information contact:

1 September 2022